"MATHEMATICAL PROBABILITY. *** Answers to problem *** (a) There are 16 (10-value) cards remaining in the 51 card deck. Set NTRIALS=51,SUCCESS#=16, the mathematical probability is SUCCPROB=.314. (b) There are 3 aces left in the 51 cards. Set SUCCESS#=3, the mathematical probability is SUCCPROB=5.8E-2 (which is .058). (c) As in above, but set SUM$=100. The expected premium should be no lower than EXPECT$=5.88 dollars. Type any key to exit. (c) PCSCC, Inc., 1993 || You are playing blackjack (21) alone and you have an ace (worth 11). Drawing 1 card from a 51-card deck of ordinary playing cards, (a) what is the mathematical probability of getting 21 (an ace with a 10 or face card)? (b) What is the mathematical probability of getting another ace? (c) What is the minimum you should charge as a premium for a $100 prize to pickthat ace? Type comma key to see answers. Type (F2) to return to application file."
