Question: uppose you select a random card from a standard deck of 52 cards and no jokers. If you draw a face card (king, queen, or
uppose you select a random card from a standard deck of 52
cards and no jokers. If you draw a face card (king, queen, or jack), you win $5
. If you draw an ace, you win $20
. If you draw any other card, you lose $2
. What is the expected profit from any one draw?
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