if you draw a card with a value of two or less from a standard deck of cards, I will pay you $452. If not, you pay me $35. (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.
Step 2 of 2: If you played this game 711 times how much would you except to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.
