Consider the following game. You pick a card from a 52-card deck and each time you select a queen, you get $520. For all other cards pay $26. The expected value of the game is
A) -$24.
B) $0.
C) $16.
D) $64.

Question

Quizplus · Accepted Answer

The probability of picking a queen is 4/52, and the probability of picking any other card is 48/52. The expected value is calculated as: (4/52 * $520) + (48/52 * -$26) = $40 - $24 = $16.

Consider the Following Game