# Probability

posted by .

At a fair run by a local charity organization, it costs 50 cents to try one's luck in drawing an ace from a deck of 52 playing cards. What is the expected profit per customer if they pay \$4 if and only if a person draws an ace.

I am sorry that nobody has responded to your post earlier.

The probability of geting an ace is 4/52. The probability of not getting an ace is 48/52. They will receive \$.50 every time a person draws, but lose \$4 4 times in 52. Thus, by chance, they will gain \$26 and lose \$16 over 52 customers. Dividing the different between these two amounts by the number of customers will give you the "expected profit per customer."

I hope this helps. Thanksfor asking.

## Similar Questions

At a fair run by a local charity organization, it costs 50 cents to try one's luck in drawing an ace from a deck of 52 playing cards. What is the expected profit per customer if they pay \$4 if and only if a person draws an ace. I presume …
2. ### Math

At a fair run by a local charity organization, it costs 50 cents to try one’s luck in drawing an ace from a deck of 52 playing cards. What is the expected profit per customer, if they pay \$4 if and only if a person draws an ace?
3. ### Math

At a fair run by a local charity organization, it costs 50 cents to try one’s luck in drawing an ace from a deck of 52 playing cards. What is the expected profit per customer, if they pay \$4 if and only if a person draws an ace?
4. ### Statics

An ace,king,Jack of Clubs or Queen of Diomonds Occure While Drawing aCard frrom a Deck of Well-Shuffeled ordinary Deck of Playing cards Find the Probability?
5. ### bus stats

A deck of playing cards contains 52 cards, four of which are aces. What is the probability that the deal of a five-card hand provides: a. What is the appropriate probability distribution for X?
6. ### Algebra 2 Expected values

Sarah draws cards from a deck of 52 cards. She receives \$.40 for each heart, \$.50 for an ace, and \$.90 for an ace of hearts. If each draw costs \$.15 should she play the game?
7. ### Math (Probability)

A standard deck of cards contains 52 cards. Of these cards there are 13 of each type of suit (hearts, spades, clubs, diamonds) and 4 of each type of rank (A – K). Two cards are pulled in order, without replacement from this deck …
8. ### statistics

Consider the events of drawing an ace, then draw another ace, followed by a queen, one at a time without replacement (from a standard deck of cards). What is the probability of drawing an ace, then another ace, then a queen?
9. ### probability

Anne and Bob each have a deck of playing cards. Each flips over a randomly selected card. Assume that all pairs of cards are equally likely to be drawn. Determine the following probabilities: (1) The probability that at least one card …
10. ### Math

What is the probability of pulling the 2 of clubs from a standard deck of playing cards (52 cards)?

More Similar Questions