Math Problem Statement
A card is drawn from a standard 52card deck. If the card is a king, you win $20; otherwise, you lose $5. 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. E(X)equals
enter your response here dollars (Type an integer or a decimal rounded to the nearest cent as needed.)
Solution
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Math Problem Analysis
Mathematical Concepts
Probability Theory
Expected Value
Random Variables
Formulas
Expected Value Calculation
Theorems

Suitable Grade Level
Grades 1012