Math Problem Statement

A card is drawn from a standard​ 52-card deck. If the card is a​ king, you win ​$20. ​Otherwise, you lose ​$1. What is the expected value of the​ game? Question content area bottom Part 1 Let X be the random variable for the amount won on a single play of this game. Fill in the probabilities for the probability distribution of the random variable X. Start 2 By 3 Table 1st Row 1st Column x Subscript i 2nd Column $ 20 3rd Column negative $ 1 2nd Row 1st Column p Subscript i 2nd Column nothing 3rd Column nothing EndTable

​(Type integers or simplified​ fractions.)

Solution

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Math Problem Analysis

Mathematical Concepts

Probability
Expected Value

Formulas

Expected Value formula: E(X) = Σ(xi * pi)

Theorems

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Suitable Grade Level

Advanced High School