Let's play a game called "Diamonds". This game is played with a standard deck of cards A standard deck of cards has 52 cards with a number card from 2-10 and A, K, Q, J of each suit. There are 4 suits - Hearts (red), Diamonds (red), Spades (black) and Clubs (black).

The cost to play the game is $10. I will draw a randomly selected card from the deck. Here are the outcomes:

• Ace of Diamonds - You win $500
• Any other Ace - You win $50
• Any other Diamond - You win $10 (which means you really break-even)
• Any other card - You lose your $10

For your initial post, use Excel to calculate the amount you expect to win or lose based on this information. Remember that this should include the full probability model (all outcomes and the probabilities) and the Expected Value using the SUMPRODUCT function in Excel. Include a sentence that explains what your solution means and whether this is a good game for you to play.

For your second post, let's switch gears and fire up both your brain and your Excel muscles. O-negative blood can be given to anyone and is found in about 6.6% of people. If donors line up at random, what is the probability that 2 of the first 4 donors have O-neg. blood? First, tell which distribution is needed and why. Then either post your steps or ascreenshot of how we can find the probability in Excel.