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27 September, 05:15

If you have a chance to win $500 for drawing a card of 10 of any suit from a standard deck of cards, what is the value of expectation?

A. $100.68 B. $50.52 C. $38.46 D. $24.80

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  1. 27 September, 05:41
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    The expected value is $38.46.

    The probability of drawing a 10 from any suit is 4/52. Multiply this by the earnings, 500:

    4/52 (500) = 2000/52 = 38.46
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