Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is wrong answ.. plz solve it and help me with explanation Oscar is playing a simple card game. The game is played by the

This is wrong answ.. plz solve it and help me with explanation

image text in transcribed
Oscar is playing a simple card game. The game is played by the player picking a card from a deck. If the player picks any face cards, they wins $20. If the player picks any other cards, they lose $10. Let X be the random variable representing the $ amount Oscar will win/ lose from this game. (a) Fill in the probability distribution of X. Leave the probability as a fraction. X P(X) Win 20 12/52 Lose $ 10 40/52 (b) Calculate the expected value of X. Round your answer to the nearest hundredth of a dollar. (for example if the answer is 43.5478, then round to 43.55). The expected value is $ -3.08

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Mathematics questions