Suppose that you and a friend are playing cards and decide to make a bet. If you draw two black cards in succession from
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Suppose that you and a friend are playing cards and decide to make a bet. If you draw two black cards in succession from
Suppose that you and a friend are playing cards and decide tomake a bet. If you draw two black cards in succession froma standard deck of 52 cards replacing the first card, youwin $30. Otherwise, you pay your friend $20. If thesame bet was made 20 times, how much would you expect towin or lose? Round your answer to the nearest cent, ifnecessary.