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You make a bet with your sister. You randomly draw 1 card from the deck. If you draw a face card (king, queen, or jack)
You make a bet with your sister. You randomly draw 1 card from the deck. If you draw a face card (king, queen, or jack) she pays you $5. If any other card is picked you pay her $1.
A.) What is the probability you will win?
B.) What is the probability your sister will win?
C.) What is the expected value for you?
D.) What is the expected value for your sister?
E.) Who has the better deal? Explain why
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