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(Solved): Suppose that you and a friend are playing cards and decide to make a bet. If you draw two threes in ...



Suppose that you and a friend are playing cards and decide to make a bet. If you draw two threes in succession from a standard deck of 5252 cards with replacement, you win $60$⁢60. Otherwise, you pay your friend $10$⁢10. If the same bet was made 2020 times, how much would you expect to win or lose? Round your answer to the nearest cent, if necessary.



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