Question: O Counting and Probability Computing expected value in a game of chance Milan has a deck of 10 cards numbered 1 through 10. He is

O Counting and Probability Computing expected value in a game of chance Milan has a deck of 10 cards numbered 1 through 10. He is playing a game of chance. This game is thls Milan chooses one card from the deck at random. He wins an amount of money equal to the value of the card if an even numbered cardis drawn. He loses $6 if an odd numbered card is drawn. | (2) Find the expected value of playing the game. [ dottars i (b) What can Milan expect in the lon run, after playing the game many times? (He replaces the card in the deck each time.) O Milan can expect to gain money. He can expect to win D dollars per draw. O Milan can expect to lose money. He can expect to lose D dollars per draw. O Milan can expect to break even (neither gain nor lose money)
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