# Help on a Statistics homework question?

If you draw a card with a value of five or less from a standard deck of cards, I will pay you $45. If not, you pay me $16. (Aces are considered the highest card in the deck.)

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

### 1 Answer

Relevance

- MichaelLv 71 month ago
4 cards at $45 = 180

9 cards at $16 = 144

(180 - 144) / 13

36/13

2.7692307692

$2.77 <–––––– expected value

Still have questions? Get your answers by asking now.