A standard deck of 52 cards contains 13 hearts. Here is another wager: draw one card at random from the deck. If the card drawn is a heart, you win $2. Otherwise, you lose $1. Compare this wager (call it Wager 2) with that of the previous question (call it Wager 1). Which one should you prefer?
A) Wager 1, because it has a higher expected value
B) Wager 2, because it has a higher expected value
C) Wager 1, because it has a higher probability of winning
D) Wager 2, because it has a higher probability of winning
E) Both wagers are equally favorable.

Question

Quizplus · Accepted Answer

The Answer of A standard deck of 52 cards contains 13 hearts. Here is another wager: draw one card at random from the deck. If the card drawn is a heart, you win $2. Otherwise, you lose $1. Compare this wager (call it Wager 2) with that of the previous question (call it Wager 1). Which one should you prefer?
A) Wager 1, because it has a higher expected value
B) Wager 2, because it has a higher expected value
C) Wager 1, because it has a higher probability of winning
D) Wager 2, because it has a higher probability of winning
E) Both wagers are equally favorable.

A Standard Deck of 52 Cards Contains 13 Hearts