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I need help with this, please get most of it but stuck on the calculation for the expected value A game involves selecting a card
I need help with this, please get most of it but stuck on the calculation for the expected value
A game involves selecting a card from a regular 52-card deck and tossing a coin. The coin is a fair coin and is equally likely to land on heads or tails.If the card is a face card, and the coin lands on Heads, you win $8If the card is a face card, and the coin lands on Tails, you win $2If the card is not a face card, you lose $2, no matter what the coin shows.
- Part (a)
- Find the expected value for this game (expected net gain or loss). (Round your answer to two decimal places.)
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