Card-Stopping-Optimization

In your hands is a standard deck of 52 playing cards (26 black and 26 red). You are drawing cards one at a time. If you draw a red card you get a dollar. If you draw a black card you get fined a dollar. You can stop drawing cards anytime you want. Cards are not returned to the deck after being drawn. Come up with an optimal stopping rule that you can use to maximize your expected payoff. What is the expected payoff following your rule?

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.