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Answer to Question #62619 in Statistics and Probability for NHLAE
Question #62619
in a card game with my friend, I pay a certain amount of money each time I lose. i win $4 if I draw a jack or a queen and I win $5 if I draw a king or ace for an ordinary pack of 52 playing cards. if I draw other cards I lose. what should I pay so that we come out even? (that is if the game is fair).
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