Sunday

February 1, 2015

February 1, 2015

Posted by **Carlos** on Saturday, March 24, 2007 at 9:18pm.

The probability of drawing an ace is 4/52 or 1/13

The expected payout is 4.00*1/13=.30769

The income is 0.50

so the expected profit is .50-.30769

=.1923

or 19 cents.

Suppose you have 104 people playing.

So the game takes in $52

There is a probability that 1/13 of 104 will win, which is 8

so the payout is $32

for a profit of $20, but there were 104 people playing, so the profit per person is 20/104 or .1923

(notice it makes no difference how many people play)

can u please HELP!!!!!!!!!!! me in divion PLEASE!!!!!!!!!!!!!!!

I neeed help in divion can you please help me please

**Answer this Question**

**Related Questions**

Math - At a fair run by a local charity organization, it costs 50 cents to try ...

Please Help - PROBABILITY - At a fair run by a local charity organization, it ...

Probability - At a fair run by a local charity organization, it costs 50 cents ...

Prob. Math - Sarah draws a card from a deck of 52 cards. She receives 40 cents ...

Math - Which pair has equally likely outcomes? List the letters of the two ...

Statics - An ace,king,Jack of Clubs or Queen of Diomonds Occure While Drawing ...

math - 1. A card is drawn from an ordinary deck of 52 playing cards. What are ...

math - Two cards are chosen from a standard deck of 52 playing cards without ...

math - A card is pulled from a well shuffled deck of standard playing cards and ...

math - A card is pulled from a well shuffled deck of standard playing cards and ...