A popular casino table game is three-card poker. One aspect of the game is the "pair plus" bet in which a player is paid a dollar amount for any hand of a pair or better, regardless of the hand the dealer has. The table available below shows the profit and probability of various hands of a player playing the $5 pair plus bet. Complete parts (a) and (b) below. Click the icon to view the profit and probability table. (a) What is the expected profit when playing the $5 pair plus bet in three-card poker? ...

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 14CR
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A popular casino table game is three-card poker. One aspect of the game is the "pair plus" bet in which a player is paid a dollar amount for any hand of a pair or better, regardless of the
hand the dealer has. The table available below shows the profit and probability of various hands of a player playing the $5 pair plus bet. Complete parts (a) and (b) below.
Click the icon to view the profit and probability table.
(a) What is the expected profit when playing the $5 pair plus bet in three-card poker?
The expected profit is $
(Round to two decimal places as needed.)
Transcribed Image Text:A popular casino table game is three-card poker. One aspect of the game is the "pair plus" bet in which a player is paid a dollar amount for any hand of a pair or better, regardless of the hand the dealer has. The table available below shows the profit and probability of various hands of a player playing the $5 pair plus bet. Complete parts (a) and (b) below. Click the icon to view the profit and probability table. (a) What is the expected profit when playing the $5 pair plus bet in three-card poker? The expected profit is $ (Round to two decimal places as needed.)
(a) What is the expected profit when playing the $5 pair plus bet in three-card poker?
The expected profit is - $
(Round to two decimal places as needed.)
Profit and Probability Table
Outcome
Straight flush
Three of a kind
Straight
Flush
Pair
Other
Print
Profit ($)
200
150
30
20
5
- 5
Probability
0.0022
0.0024
0.0326
0.0496
0.1694
0.7439
Done
X
Transcribed Image Text:(a) What is the expected profit when playing the $5 pair plus bet in three-card poker? The expected profit is - $ (Round to two decimal places as needed.) Profit and Probability Table Outcome Straight flush Three of a kind Straight Flush Pair Other Print Profit ($) 200 150 30 20 5 - 5 Probability 0.0022 0.0024 0.0326 0.0496 0.1694 0.7439 Done X
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