A standard deck of playing cards contains 52 cards, of which 4 are aces and 13 are hearts. You are offered a choice of the following two wagers:

I. Draw one card at random from the deck. You win $10 if the card drawn is an ace. Otherwise, you lose $1.

II. Draw one card at random from the deck. If the card drawn is a heart, you win $2. Otherwise, you lose $1.

Which of the two wagers should you prefer?

(a) Wager 1, because it has a higher expected value

(b) Wager 2, because it has a higher expected value

(c) Wager 1, because it has a higher probability of winning

(d) Wager 2, because it has a higher probability of winning

(e) Both wagers are equally favorable.