A game is said to be fair if the expected value (after considering the cost) is 0. If the value is positive, the game is in your favor. If the value is negative, the game is not in your favor. At a carnival, you pay $1 to choose a card from a standard deck. If you choose a red card you double your money, but if you pick a black card you do not get any. (A standard deck of cards has 52 card. 26 of the cards are red.) 1. Complete the probability distribution below. Color of card X - Net Money Won or Lost P(X) Red + + Black Click to view hint 2. What is the expected value