A card is drawn from a standard 52-card deck. If the card is a king, you win $40; otherwise, you lose $5. What is the expected value of the game?

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A card is drawn from a standard 52-card deck. If the card is a king, you win $40; otherwise, you lose $5. 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(X)=
dollars (Type an integer or a decimal rounded to the nearest cent as needed.)
Transcribed Image Text:A card is drawn from a standard 52-card deck. If the card is a king, you win $40; otherwise, you lose $5. 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(X)= dollars (Type an integer or a decimal rounded to the nearest cent as needed.)
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