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You are handed a deck of cards. You are offered this bet: pay $100 and win $1,000 if you pull a ten out of the
You are handed a deck of cards. You are offered this bet: pay $100 and win $1,000 if you pull a ten out of the deck randomly, win $500 if you pull a two out randomly, and win nothing if you don't pull a 10 or a 2. What is the expected value of this game? Use the table below:
X $1,000 $500 $0 P(x) 4 52 4 44 52 52Step by Step Solution
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