Asked by tatiana
Kyd and North are playing a game. Kyd selects one card from a standard 52-card deck. If Kyd selects a face card (Jack, Queen, or King), North pays him $4. If Kyd selects any other type of card, he pays North $3.
a) What is Kyd's expected value for this game? Round your answer to the nearest cent. $
b) What is North's expected value for this game? Round your answer to the nearest cent. $
c) Who has the advantage in this game?
a) What is Kyd's expected value for this game? Round your answer to the nearest cent. $
b) What is North's expected value for this game? Round your answer to the nearest cent. $
c) Who has the advantage in this game?
Answers
Answered by
John1
Kyd
12/52 chance of a face card or 3/13
chance of any other card is 10/13
(3/13)(4)+(10/13)(-3)
North same except change the signs on the 4 and 3. Complete the math and see who gets the higher expected value.
12/52 chance of a face card or 3/13
chance of any other card is 10/13
(3/13)(4)+(10/13)(-3)
North same except change the signs on the 4 and 3. Complete the math and see who gets the higher expected value.
Answered by
tatiana
For (a) I have 11.55 is this correct
Answered by
john
Kyd and North are playing a game. Kyd selects one card from a standard 52-card deck. If Kyd selects a face card (Jack, Queen, or King), North pays him $6. If Kyd selects any other type of card, he pays North $2. A) What is Kyd's expected value for this game? Round your answer to the nearest cent. $ bb) What is North's expected value for this game? Round your answer to the nearest cent. $ c) Who has the advantage in this game?