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Suppose you are playing card a game with a $5 buy-in (you have to pay $5 to play). If you draw a royal card (A,
Suppose you are playing card a game with a $5 buy-in (you have to pay $5 to play). If you draw a royal card (A, K, Q, J, 10) from a standard 52 card deck, you get $10 and if you draw any other card you get $0.
Your winnings will be the amount of money you get minus the $5 buy-in. What are your expected winnings in this game?
Round to 2 decimal places.
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