Thursday
August 21, 2014

Homework Help: math

Posted by Adie on Friday, July 13, 2012 at 5:31pm.

Pick a Card.
Mike and dave play the following card game. Mike picks a card from the deck
If he selects a heart Dave gives him $5, if not, he gives Dave $2.

Determine Mikes's expectation.

Determine Daves' expectation

Can you help me with this? i have tried to do it and i came up with (Mike's = -$1.58 and dave's = - $4.79) but I don't think the game is "fair" so I don't think the expected value is 0. I am really confused!

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - You and a friend each have a standard and well-shuffled 52-card deck of ...
Stats - Directions: Suppose you have a standard deck 52 cards (4 suits: hearts...
math - In a game of blackjack, each player is dealt two cards from a standard 52...
Stats - Suppose you have a standard deck 52 cards (4 suits: hearts, diamonds, ...
math - The unpaid balance of Dave's credit card is $295, and the finance charge ...
math - You pick a card from a card deck of 52 cards. If you choose a diamond or ...
math - Your mom is a sporting person, so when it's close to your bedtime, she ...
Math - Your mom is a sporting person, so when it's close to your bedtime, she ...
math - A card is drawn from an ordinary deck of 52 cards, and the result is ...
Math - One card is selected from a deck of playing cards. Determine the ...

Search
Members