Suppose you pay $1.00 to play the following game. a card is drawn from a standard deck. if it is an ace, you receive $5.00, if it is a king, queen, or jack, you receive $3.00. otherwise, you receive no money. find the expected value of your net winning. use decimal notation for your answer.

0.0769

Step-by-step explanation:

Given

Price for Playing card Game = $ 1

If a ace comes out you win $5

If it is king, queen, or jack then you receive =$ 3

Probability of getting a ace

Probability of getting a king, queen or Jack

Expected value of Win

the answer is option a you would get more money.it would be $250.

step-by-step explanation:

for option b 200/2=100=50% 100/2=50=25% 50/5=10=5% it would be $220