I need help with the question: Joe runs a carnival game in which he charges $2 f

Question

I need help with the question: Joe runs a carnival game in which he charges $2 for a playerto randomly select 3 cards from a 52 card deck. if the player gets3 cards of the same color, the player is handed a $5.00 bill. Whatis Joe's expected profit per play? thanks... I need help with the question: Joe runs a carnival game in which he charges $2 for a playerto randomly select 3 cards from a 52 card deck. if the player gets3 cards of the same color, the player is handed a $5.00 bill. Whatis Joe's expected profit per play? thanks...

Explanation / Answer

(25/51)(24/50)= 4/17 so joe will pay out 4 time every 17 games he take in 2*17 and give out 4*5 = $14 /17 = $.82 profit perplay

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