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A card is drawn at random from a standard deck of playing cards. You win $1 if you draw a seven and $24 if you draw an ace. Otherwise you loose $2.

A card is drawn at random from a standard deck of playing cards. You win $1 if you draw a seven and $24 if you draw an ace. Otherwise you loose $2. What is the expected value of the game?
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531727_STAT_VERIFIED.docx

A card is drawn at random from a standard deck of playing cards. You win $1 if you draw a
seven and $24 if you draw an ace. Otherwise you loose $2. What is the expected value of the
game?...

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