Create a probability model for the amount you win

Assignment Help Basic Computer Science

Reference no: EM131382381

Pick another card. Find the standard deviation of the amount you might win drawing a card in Exercise 3.

Exercise 3

Pick a card, any card. You draw a card from a deck. If you get a red card, you win nothing. If you get a spade, you win $5. For any club, you win $10 plus an extra $20 for the ace of clubs.

a) Create a probability model for the amount you win.

b) Find the expected amount you'll win.

c) What would you be willing to pay to play this game?

Reference no: EM131382381

Questions Cloud

Design an end connection using longitudinal welds : Design an end connection using longitudinal welds and an end transverse weld to develop the full tensile capacity of the angle shown. Use A36 steel and E70 electrodes.

Create a probability model for the profit on a policy : The company estimates that each year 1 in every 2000 policyholders may have a major injury, and 1 in 500 a minor injury only.

Give the answer of muliple choice question : The transferring of business functions or processes to other companies has traditionally been known as.Advantages of outsourcing project work may likely include all of the following EXCEPT.Why are extensive training and team building activities impor..

Sketch the bolt layout pattern : The connection is subjected to an axial tensile load of 100 kips. Calculate the number of bolts required for the connection and sketch the bolt layout pattern.

Create a probability model for the amount you win : Pick a card, any card. You draw a card from a deck. If you get a red card, you win nothing. If you get a spade, you win $5. For any club, you win $10 plus an extra $20 for the ace of clubs.

Calculate the number of bolts required for the connection : The connection is subjected to an axial tensile load of 100 kips.- Calculate the number of bolts required for the connection and sketch the bolt layout pattern.

What you found most interesting or why you chose the article : Main point(s) of the article-and a few specific and powerful details the writer uses to support the main points. If time: What you found most interesting and/or why you chose the article.

Compute the allowable tensile load for the double shear : Compute the allowable tensile load for the double-shear butt joint shown. The plates are equivalent to A992 steel. The bolts are 7 8 -in. - diameter A325-N high-strength bolts in standard holes.

User Account

All Pages