You draw a card from a deck. If you get a red​ card, you win nothing. If you get a​ spade, you win ​$10. For any​ club, you get ​$30 plus an extra ​$40 for the ace of clubs.
​a) Create a probability model for the amount you win at this game. ​
b) Find the expected amount​ you'll win. ​
c) How much would you be willing to pay to play this​ game? ​
a) Card red spade ace of clubs any other club Winnings 0 10 70 30 Probability nothing nothing nothing nothing