You Pick a Card from a Deck

question 2

Multiple Choice

You pick a card from a deck.If you get a face card,you win $5.If you get an ace,you win $30 plus an extra $50 for the ace of hearts.For any other card you win nothing.
Create a probability model for the amount you win at this game.

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Definitions:

Short Hedger

An investor who enters into contracts to protect against potential losses from declining prices in the assets they hold.

Decrease

A reduction in quantity, size, or intensity of a particular activity, value, or level.

Financial Futures Contracts

Agreements to buy or sell financial instruments or commodities at a future date for a price that is established at the time of the contract.

DAX 30 Index

A stock market index representing 30 of the largest and most liquid German companies trading on the Frankfurt Stock Exchange.