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A card is drawn from a standard​ 52-card deck. Calculate the expected value for the game....

A card is drawn from a standard​ 52-card deck. Calculate the expected value for the game. A player must pay $7 to play the game, which must be subtracted from the winnings. If a diamond is drawn, the player wins $17, otherwise they lose $7. Calculate the price that would make the game fair.

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