Question: 12. The expected payout from playing a game is listed in the table below. In the game you draw 1 card from a standard deck

12. The expected payout from playing a game is listed in the table below. In the game you draw 1 card from a standard deck of cards. If you pay $3.00 to play each time, what would you expect to win or lose (net total amount including the cost to play) if you played the game 100 times? a. Win $800 b. Win $208 c. Lose $500 d. Lose $92 Outcome Probability Prize (of outcome occurring) Numbered card 0.692 1.00 Face card 0.231 4.00 Ace 0.0769 6.00

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