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Jenny has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Jenny chooses one
Jenny has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Jenny chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an even numbered card is drawn. She loses $7 if an odd numbered card is drawn. (a) Find the expected value of playing the game. dollars {b)W1at can Jenny expect in the long run, after playing the game many times? (She replaces the card in he deck each time.) Ci- Jenny can expect to gain money. She can expect to win dollars per draw. ":2: Jenny can expect to lose money. She can expect to lose dollars per draw. -:':I:- Jenny can expect to break even {neither gain nor lose money}
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