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April 19, 2014

Homework Help: math stats

Posted by jessica on Monday, October 3, 2011 at 1:40pm.

you draw from a deck. if you get a red card you win nothing. if you get a spade you win $5. for any club you win $10 plus an extra $20 for the ace of clubs.

A. create a probability model for the amount you win.
B. Find the expected amount you will win.
C. What would you be willing to pay for this game

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