Melissa has a deck of 10 cards numbered 1 through 10. She is playing a game...

 

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Melissa has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Melissa chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an even numbered card is drawn. She loses $5.50 if an odd numbered card is drawn. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. dollars (b) What can Melissa expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) O Melissa can expect to gain money. She can expect to win dollars per draw. O Melissa can expect to lose money. She can expect to lose dollars per draw. O Melissa can expect to break even (neither gain nor lose money). Melissa has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Melissa chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an even numbered card is drawn. She loses $5.50 if an odd numbered card is drawn. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. dollars (b) What can Melissa expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) O Melissa can expect to gain money. She can expect to win dollars per draw. O Melissa can expect to lose money. She can expect to lose dollars per draw. O Melissa can expect to break even (neither gain nor lose money).