What is the expected value of the game

Reference no: EM133411636

Question: A card is drawn from a standard 52-card deck. If the card is a king, you win $30; otherwise, you lose $4. What is the expected value of the game? Let X be the random variable for the amount won on a single play of this game. E(XX) = dollars (Type an integer or a decimal rounded to the nearest cent as needed.)

Reference no: EM133411636

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