In a gambling game a person draws a single card from an ordinary 52-card playing deck. A
Chapter 3, Problem 3.23(choose chapter or problem)
In a gambling game a person draws a single card from an ordinary 52-card playing deck. A person is paid $15 for drawing a jack or a queen and $5 for drawing a king or an ace. A person who draws any other card pays $4. If a person plays this game, what is the expected gain?
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