Suppose that you and a friend are playing cards and decide to make a bet. If you draw three fives in succession from a standard deck of 5252 cards with replacement, you win $70$70. Otherwise, you pay your friend $10$10. What is the expected value of your bet? Round your answer to the nearest cent, if necessary.
Suppose that you and a friend are playing cards and decide to make a bet. If you draw three fives in succession from a standard deck of 5252 cards with replacement, you win $70$70. Otherwise, you pay your friend $10$10. What is the expected value of your bet? Round your answer to the nearest cent, if necessary.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 11PTTS
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Suppose that you and a friend are playing cards and decide to make a bet. If you draw three fives in succession from a standard deck of 5252 cards with replacement, you win $70$70. Otherwise, you pay your friend $10$10. What is the
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