Scott has a deck of 10 cards numbered 1 through 10 He is

Last updated: 3/29/2023

Scott has a deck of 10 cards numbered 1 through 10 He is playing a game of chance This game is this Scott chooses one card from the deck at random He wins an amount of money equal to the value of the card if an even numbered card is drawn He loses 7 if an odd numbered card is drawn If necessary consult a list of formulas a Find the expected value of playing the game dollars b What can Scott expect in the long run after playing the game many times He replaces the card in the deck each time O Scott can expect to gain money He can expect to win dollars per draw O Scott can expect to lose money He can expect to lose dollars per draw Scott can expect to break even neither gain nor lose money