Question: You pick a card from a deck. If it is a face card, you will win P500.00. If you get an ace, you will win

You pick a card from a deck. If it is a face card, you will win P500.00. If you get an ace, you

will win P1,000. If the card you picked is red you get P100.00. For any other card, you

will win nothing. Find the expected value that you can possibly win.

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