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Please walk me through what I need to do to figure this problem out.
Kyd and North are playing a game. Kyd selects one card from a standard 52-card deck. If Kyd selects a face card (Jack, Queen, or King), North pays him $4. If Kyd selects any other type of card, he pays North $2.
a) What is Kyd's expected value for this game? Round your answer to the nearest cent. $
b) What is North's expected value for this game? Round your answer to the nearest cent. $
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