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A game is played by picking two cards from a deck. If they are the same value, then you win $5, otherwise you lose $1.

A game is played by picking two cards from a deck. If they are the same value, then you win $5, otherwise you lose $1. What is the expected value of this game? step by step. Can you punch the number using this formula: E(X)= +gain*P (win) + (-loss)*P(lose)

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