Let's say you devise a blackjack strategy where you win 42% of the time, tie...
80.2K
Verified Solution
Link Copied!
Question
Basic Math
Let's say you devise a blackjack strategy where you win 42% of the time, tie 9% of the time, and lose 49% of the time. When you lose you lose $1, on a tie you gain $0, and on a win you gain $1 (assume you aren't allowed to split or double).What is the expected value of your winnings?Note: Do not round your answer.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
