Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are diamonds, your friend will pay you $30

$

30

. Otherwise, you have to pay your friend $4

$

4

.

Step1of2:What is the expected value of your bet? Round your answer to two decimal places. Losses must be expressed as negative values.

Answer