A gambler has four cards—two diamonds and two clubs. The gambler proposes the following game to you: You will leave the room and the gambler will put the cards face down on a table. When you return to...

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A gambler has four cards—two diamonds and two clubs. The gambler proposes the following game to you: You will leave the room and the gambler will put the cards face down on a table. When you return to the room, you will pick two cards at random. You will win $10 if both cards are diamonds, you will win $10 if both are clubs, and for any other outcome you will lose $10. Assuming that there is no cheating, should you accept this proposition? Support your answer by calculating your probability of winning $10.




Answered Same DayDec 25, 2021

Answer To: A gambler has four cards—two diamonds and two clubs. The gambler proposes the following game to you:...

Robert answered on Dec 25 2021
117 Votes
The game is unfair for us because the probability of winning 10$ is less than 0.5.
Let’s see how.

Let us define no. of possibilities by which we can win as W.
W = either a pair of diamonds or of clubs. Hence 2 possibilities
Total possibilities of choosing any two cards out of four is 4C2 ....
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