document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1149595>Question 1149595</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If you draw a card with a value of 3 or less from a standard deck of cards i will pay you $6. if not you pay me $5. (aces are considered the highest card in the deck). find the expected value of the proposition. round to 2 decimal places losses must be expressed as negative values.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #770942 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13203)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=770942\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Because in this game aces are considered the highest card....<br><BR>\n" );
document.write( "P(3 or less) = P(2 or 3) = 8/52 = 2/13<br><BR>\n" );
document.write( "P(greater than 3) = 44/52 = 11/13<br><BR>\n" );
document.write( "Expected value (from the standpoint of the PLAYER):<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%282%2F13%29%2A%28%2B6%29%2B%2811%2F13%29%2A%28-5%29+=+%2812-55%29%2F13+=+-43%2F13 ALIGN=MIDDLE  ALT=\"%282%2F13%29%2A%28%2B6%29%2B%2811%2F13%29%2A%28-5%29+=+%2812-55%29%2F13+=+-43%2F13\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "Answer: -43/13 dollars, or -$3.31 to the nearest cent.<br><BR>\n" );
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