dengu
Jun 6, 2009, 06:48 PM
here is the question,
As part of a new poker promotion campaign, a casino is introducing a new game called flush that costs $0.25 to play; the game is based on a flush hand in poker in which a player holds all cards of the same suit. After paying $0.25 the player is dealt 5 cards from a deck of completely shuffled U.S playing cards. If all the cards are the same suit, then the player gets $100 back.
Q What is the probability of getting a flush?
Q Should the casino expect to win money ot lose money on this promotional game?
For the first part, I think p(flush)= 13/52x12/51x11/50x10/49x9/48
If a player gets a flush then the probability is multiplied by (100-0.25)=99.75
Can you tell me if this is correct. If it is, how do I answer the second question? I think people will be willing to pay at least a dollar to play the game (so they will play four times). Does that change anything?
As part of a new poker promotion campaign, a casino is introducing a new game called flush that costs $0.25 to play; the game is based on a flush hand in poker in which a player holds all cards of the same suit. After paying $0.25 the player is dealt 5 cards from a deck of completely shuffled U.S playing cards. If all the cards are the same suit, then the player gets $100 back.
Q What is the probability of getting a flush?
Q Should the casino expect to win money ot lose money on this promotional game?
For the first part, I think p(flush)= 13/52x12/51x11/50x10/49x9/48
If a player gets a flush then the probability is multiplied by (100-0.25)=99.75
Can you tell me if this is correct. If it is, how do I answer the second question? I think people will be willing to pay at least a dollar to play the game (so they will play four times). Does that change anything?