Rosie Hemlock offers Robin Nightshade the following wager. For a payment of $10, Rosie will pay Robin the dollar value of any card drawn from a standard 52-card deck. For example, for an ace of any suite, Rosie will pay Robin $1. For an 8 of any suit, Rosie will pay Robin $8. A ten or picture card of any suit is worth $10.

a. What is the expected value of Rosie’s offer?

b. Will risk-neutral Rosie accept this offer?