...you draw an ace...? A game of chance involves a regular deck of 52 cards. The game costs $3 to play. If you draw an ace, you win $20. If you draw a face card, you win $5. If you draw a 10, you win $3. If you draw any other card, you lose.
Calculate the expected winnings for the player?
Calculate the expected profits for the game owner?
Please explain, thanks
Calculate the expected winnings for the player?
Calculate the expected profits for the game owner?
Please explain, thanks