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Mathematics, 02.04.2020 02:24 cobalt426

Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are clubs, your friend will pay you $531. Otherwise, you have to pay your friend $32.

Step 2 of 2 : If this same bet is made 524 times, how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.

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