-1
$\begingroup$

For the following questions A,B and C, find the expected values of the game given that the game you are playing has the following initial rules, you pick a card from a standard deck of cards and bet a dollar.

A) If your card comes up you get your dollar back and win a dollar B) If your card comes up you win 48 dollars. C) Based on the expected values you found in (A) and (B) in last two problems, is either game worth playing?

Please explain all A,B and C answers in detail.

1 Answers 1