Math

StatisticsQ&A LibraryIf you draw a card with a value of four or less from a standard deck of cards, I will pay you $162. If not, you pay me $45. (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.Start your trial now! First week only $4.99!*arrow_forward*

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If you draw a card with a value of four or less from a standard deck of cards, I will pay you $162. If not, you pay me $45. (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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