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If you draw a card four or less from a deck of cards I will pay you 130 I not you pay me 36 What is the expected value of the proposition?
Wiki User
∙ 10y ago
With Aces high, the expected gain for each draw for player "I" is -130*3/13 + 36*10/13 = (-390+360)/13 = -30/13. That is, an expected loss of 24/13
Wiki User
∙ 10y ago
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