Solution-Problem related to six cards are dealt from a

Problem related to six cards are dealt from a standard deck

Reference no: EM131595260

Question: 1. Five dice are tossed. If at least three come up 5 or 6, the house pays $50. If not, the house wins $4. What is the player's expected value?

2. Six cards are dealt from a standard deck, without regard to order. If one or more aces comes up, the player wins $45. Otherwise he or she loses $30. What is the player's expected value?

Reference no: EM131595260

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Problem related to six cards are dealt from a standard deck

Reference no: EM131595260

Reference no: EM131595260

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