Question: A card is drawn randomly from a standard 52-card deck. Find the following: Write all answers as simplified fractions (not mixed numbers). A. Probability the

A card is drawn randomly from a standard 52-card deck. Find the following: Write all answers as simplified fractions (not mixed numbers). A. Probability the card drawn is a face card. B. Probability the card drawn is not a face card. C. Odds in favor of drawing a face card. D. Odds against drawing a face card.

A company estimates that 0.8% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $150. If they offer a 2 year extended warranty for $18, what is the company's expected value of each warranty sold?

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