Final answer:
The equation for the expected value in this scenario is: E(V) = -4/52 * (a) + 48/52 * (b), where 'a' represents the gain of 9 points if the card is an ace, and 'b' represents the loss of 1 point if the card is not an ace. By evaluating this equation, the expected value for this game is approximately -0.154, which means that over the long term, you would expect to lose approximately 15 cents per game, on average.
Step-by-step explanation:
The equation for the expected value in this scenario is:
E(V) = − 4/52 * (a) + + 48/52 * (b)
where 'a' represents the gain of 9 points if the card is an ace, and 'b' represents the loss of 1 point if the card is not an ace.
In this case, a = 9 and b = -1, as mentioned in the question. Therefore, the equation can be simplified to:
E(V) = − 4/52 * 9 + + 48/52 * (-1)
By evaluating this equation, the expected value for this game is -0.154, which means that over the long term, you would expect to lose approximately 15 cents per game, on average.