Pick another card Find the standard deviation of the amount you might win drawing a card in Exercise 17. Exercise 17 Pick a card, any card You draw a card from a deck. If you get a red card, you win...

Pick another card Find the standard deviation of the amount you might win drawing a card in Exercise 17.

Exercise 17

Pick a card, any card You draw a card from a deck. If you get a red card, you win nothing. If you get a spade, you win $5. For any club, you win $10 plus an extra $20 for the ace of clubs.

 a) Create a probability model for the amount you win.

 b) Find the expected amount you’ll win.

 c) What would you be willing to pay to play this game?