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Consider the following card game with a well-shuffled deck of cards. If you draw a red card, you win nothing. If you get a spade, you win $35.01. For any club, you win $34.32 plus an extra $65.92 for the ace of clubs. What is the expected value of your winnings if you play the game? Round your answer to five decimal places.

Consider the following card game with a well-shuffled deck of cards. If you draw a red card, you win nothing. If you get a spade, you win $35.01. For any club, you win $34.32 plus an extra $65.92 for the ace of clubs. What is the expected value of your winnings if you play the game? Round your answer to five decimal places.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter0: Preparing For Algebra
Section: Chapter Questions
Problem 69POT
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Consider the following card game with a well-shuffled deck of cards. If you draw a red card, you win nothing. If you get a spade, you win $35.01. For any club, you win $34.32 plus an extra $65.92 for the ace of clubs. What is the expected value of your winnings if you play the game? Round your answer to five decimal places.
Transcribed Image Text:Consider the following card game with a well-shuffled deck of cards. If you draw a red card, you win nothing. If you get a spade, you win $35.01. For any club, you win $34.32 plus an extra $65.92 for the ace of clubs. What is the expected value of your winnings if you play the game? Round your answer to five decimal places.
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