Write the fraction in simplest form: 55/132 a. 5/12 b. 55/132 c. 55/12 d. 5/132

If you draw a card with a value of three or less from a standard deck of cards, i will pay you $43. if not, you pay me $11. (aces are considered the highest card in the deck.) step 1 of 2 : find the expected value of the proposition. round your answer to two decimal places. losses must be expressed as negative values.