If you draw a card with a value of four or less from a standard deck of cards, I will pay you S134. If not, you pay me $37. (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. If you draw a card with a value of four or less from a standard deck of cards, I will pay you $134. If not, you pay me $37. (Aces are considered the highest card in the deck.)
