QUESTION 10. A casino offers a game that it calls "five in a row". The rules of the game are simple: Pick a color, either red or black. Take a well-shuffled ordinary deck of 52 cards and pick 5 cards anywhere in the deck. If you pick 5 in a row of the color you chose, you win. Otherwise, you lose. You have to pay $10 for the chance to play this game, and you get $360 if you win. A standard deck has 26 red cards and 26 black cards. Calculate the expected value of playing this game in the casino. In other words, for each $10 that you spend in order to play this game, how much money should you expect to win back?

QUESTION 10. A casino offers a game that it calls "five in a row". The rules of the game are simple: Pick a color, either red or black. Take a well-shuffled ordinary deck of 52 cards and pick 5 cards anywhere in the deck. If you pick 5 in a row of the color you chose, you win. Otherwise, you lose. You have to pay $10 for the chance to play this game, and you get $360 if you win. A standard deck has 26 red cards and 26 black cards. Calculate the expected value of playing this game in the casino. In other words, for each $10 that you spend in order to play this game, how much money should you expect to win back?

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.6: Counting Principles

Problem 9ECP: In three-card poker, a hand consists of three cards dealt from a deck of 52. How many different...

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