Find the Expected Value

question 7

Multiple Choice

Find the expected value.
-You are given 12 to 1 odds against drawing two hearts when two cards are selected at random from a standard deck of 52 cards (with replacement of the first card before the second card is drawn) .
This means that you win $12 if you succeed and you lose $1 if you fail. Find the expected value (to
You) of the game. Round to the nearest cent.

• A)-$0.19
• B)$0.19
• C)-$0.92
• D)$2.25

---

Definitions:

Confabulation

The unintentional fabrication of events or information, often occurring in individuals with certain types of brain damage.

Perseveration

The repetitive and continuous focus on a single idea, task, or word beyond the point of relevance, often seen in neurological and psychiatric conditions.

Residential Care

A type of living arrangement where individuals receive accommodation and personal care services, typically for the elderly or disabled.