In a game a player draws and replaces a card from a deck 2 times. The possible outcomes and payouts are shown. What is the
expected value for someone playing the game?
**plz help me***

Given:

Given that in a game a player draws and replaces a card from a deck 2 times.

The possible outcomes and payouts are given.

We need to determine the expected value for someone playing the game.

Expected value:

The expected value for someone playing the game can be determined by

Simplifying the values, we have;

Dividing the terms, we get;

Adding, we have;

Thus, the expected value for someone playing the game is $8

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

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answer