Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Probability
Expected Value
Combinatorics

Formulas

E = (gain from event 1 × P(event 1)) + (gain from event 2 × P(event 2)) + (loss from event 3 × P(event 3))
P(face card) = 12/52
P(ace) = 4/52
P(other card) = 36/52

Theorems

Law of Total Probability

Suitable Grade Level

Grades 10-12