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
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