SOLUTION: A card game goes like this: You draw a card from a 52-card deck. If it is a face card (jack, queen or king), you win $3; otherwise, you lose $2. What is your expected value for thi

Question 1152969: A card game goes like this: You draw a card from a 52-card deck. If it is a face card (jack, queen or king), you win $3; otherwise, you lose $2. What is your expected value for this game? (Round your answer to the nearest cent.)
Answer by ikleyn(52776) (Show Source): You can put this solution on YOUR website!
.


There are 3*4 = 12 face cards and the rest 52-12 = 40 cards are not face cards.


Hence, the expected value for this game is  


     -  =  =  =  of a dollar.

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