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math stats

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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

  • math stats -

    four times the difference of -19 and 3 amounts to -88

  • math stats -

    I'm dealing with the same problem

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