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Mathematics, 17.04.2020 03:14 feliciagraham14
Bill asks you to play a bet where he has a deck of cards and you choose what suit your card will be. You decide to play and bet $5 that you will choose the right suit of your card, if you choose wrong then you lose your $5, but if you choose right then you will win $10. If a deck of cards has a total of 52 cards and 4 suits, what is your expected value of the bet?
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Bill asks you to play a bet where he has a deck of cards and you choose what suit your card will be....
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