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Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are clubs, your friend will pay you $659. Otherwise, you have to pay your friend $40$. Step 1 of 2:  What is the expected value of your bet? Round your answer to two decimal places. Losses must be expressed as negative values.

Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are clubs, your friend will pay you $659. Otherwise, you have to pay your friend $40$. Step 1 of 2:  What is the expected value of your bet? Round your answer to two decimal places. Losses must be expressed as negative values.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are clubs, your friend will pay you $659. Otherwise, you have to pay your friend $40$.

Step 1 of 2: 

What is the expected value of your bet? Round your answer to two decimal places. Losses must be expressed as negative values.

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