Donna has a deck of 10 cards numbered 1 through 10. She is playing a game of chance.
The game is this: Donna chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an odd numbered card is drawn. She loses $3.40 if an even numbered card is drawn.
a) Find the expected value of playing the game.
___ dollars
b) what can Donna expect in the long run, after playing the game many times? (she replaces the card in the deck each time)
a) Donna can expect to gain money. She can expect to win ___ dollars per draw.
b) Donna can expect to lose money. She can expect to lose ___ dollars per draw.
c) Donna can expect to break even (neither gain nor lose money)
