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Mathematics, 14.04.2020 04:12 jpsaad00

A card is drawn from a standard 52-card deck. Calculate the expected value for the game. A player must pay 5 dollars to play the game, which must be subtracted from the winnings. If a heart is drawn, the player wins 11 dollars; otherwise, they lose their 5 dollars. Calculate the price that would make the game fair.
The expected value of this game is _dollars. (Round to the nearest cent as needed.)
The fair price of this game is _ dollars. (Round to the nearest cent as needed.)

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A card is drawn from a standard 52-card deck. Calculate the expected value for the game. A player mu...
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