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

Algebra ->  Percentage-and-ratio-word-problems -> 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      Log On

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.