asked 185k views
4 votes
Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are diamonds, your friend will pay you $296. Otherwise, you have to pay your friend $17.

What is the expected value of your bet?

asked
User Mike Dg
by
8.3k points

1 Answer

3 votes

Answer:

False because $296=$296

answered
User Joo Park
by
7.8k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.