(Answered) Question 5 cards are dealt from a well shuffled deck you

Statistics

Question: 5 cards are dealt from a well shuffled deck. You get $2 for each ace in your hand, but pay $1 for the privilege of playing.

A) Find the expected value and standard deviation of his net win in one round

B) and the probability of losing money

C) Probability after 25 rounds, you will be losing money (PGF)

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