A deck of cards contains 52 cards, of which 4 are aces. You are offered the following wager: Draw one card at random from the deck. You win $10 if the card drawn is an ace. Otherwise, you lose $1 If you make this wager very many times, what will be the mean amount you win? (a) About - $1, because you will lose most of the tim
(b) About $9 because you win $10 but lose only $1 . (c) About -$10.15 that is, on average you lose about 15 cents. (d) About $0.77 that is, on average you win about 77 cents. (e) About $0 because the random draw gives you a fair bet.