Suppose a person offers to play a game with you. In this game, when you draw a card from a standard 52-card deck, if the card is a face card you win $3, and if the card I anything else you lose $1. If you agree to play the game, what is your expected gain or loss?
To find the expected gain or loss.
A deck of cards and you have to draw a card if it is face card you win otherwise you lose .
Total face cards and therefore the probability of getting a face card and the probability of getting any other card than face card
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