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Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws three non-face cards, where a face
Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws three non-face cards, where a face card is a Jack, a Queen, or a King, in succession from a standard deck of 52 cards with replacement, you give him $50. Otherwise, he pays you $50. What is the expected value of your bet? Round your answer to the nearest cent, if necessary. AnswerHow to enter your answer (opens in new window) 2 Points Keypad Keyboard Shortcuts Expected value = $
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