"AST1CAL3 EQUATION VARIABLE","10-02-1993","11:55:42"
"SUCCPROB=SUCCESS#/NTRIALS FAILPROB=1-SUCCPROB EXPECT$=RND(SUCCPROB*SUM$)"
"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."
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