Can someone check my work? If you draw a card with a value of four or less from a standard deck of cards, I will pay you $14. If not, you pay me $8. (Aces are considered the highest card in the deck.) Step 1 of 2: Find the expected value of the proposition. Round to two decimal places. Losses must be expressed as negative values. PT 2:  If you played this game 718 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values. for part 1 I got -2.92 pt 2 -2097.56

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter6: Ratio, Proportion, And Probability
Section6.8: The Multiplication Principle
Problem 2C
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Can someone check my work?

If you draw a card with a value of four or less from a standard deck of cards, I will pay you $14. If not, you pay me $8. (Aces are considered the highest card in the deck.)

Step 1 of 2: Find the expected value of the proposition. Round to two decimal places. Losses must be expressed as negative values.

PT 2:

 If you played this game 718 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.

for part 1 I got -2.92

pt 2 -2097.56

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