Hong has a deck of 10 cards numbered 1 through 10 He is playing a game of chance.

This game is this: Hong chooses one card from the deck at random. He wins an amount of money equal to the value of the card if an odd numbered card is drawn. He loses $3.40 if an even numbered card is drawn.

(a)	Find the expected value of playing the game.

(b)	What can Hong expect in the long run, after playing the game many times? (He replaces the card in the deck each time.)

Answer one of the correct ones below:

(a) Hong can expect to gain money.

He can expect to win how many dollars per draw?

(b) Hong can expect to lose money.

He can expect to lose how many dollars per draw?

(c) Hog can expect to break even (neither gain nor lose money.)