If you draw a card with a value of two or less from a standard deck of cards, I will pay you $30. If not you pay me $6 Aces are considered the highest card in the deck . Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.5: Interpreting Data
Problem 3E
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If you draw a card with a value of two or less from a standard deck of cards, I will pay you $30. If not you pay me $6 Aces are considered the highest card in the deck . Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.
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