Part B: Calculating Expected Value (on your own) Consider the following game of chance that costs $10 to play. We will deal 2 cards of one suit (e.g., 2 spades). The payout will be based on the numbers on the cards: Ace pays out $1, the number 2 pays out $2,3 pays out $3, ..., 10 pays out $10, Jack pays out $11, Queen pays out $12, and King pays out $13. What is the expected value of this game for the player? Build a spreadsheet that shows each card's probability of being chosen, its payout, and the expected value. Note: you will need to calculate the expected payout for each card, and then sum these up to find the total payout for the game. A spreadsheet similar to the following might help organize your calculations: B chance payout D prob* payout 1 2 3 4 5 A card A 2 3 4 6 7 9 10 10 11 12 13 14 15 16 17 HAHRHREB 00 HNMinor -ox Expected Value $