Find the expected value.You play a game where the goal is to…

Find the expected value.You play a game where the goal is to toss 2 tails in 2 tosses of a fair coin. You are given “5 to 1 odds” against tossing 2 tails in 2 tosses of a fair coin. This means that you win $5 if you succeed and you lose $1 if you fail. Find the expected value (to you) of the game. Round to the nearest cent.

A game consists of laying a $1 bet and taking a single card…

A game consists of laying a $1 bet and taking a single card from a dealer (the house) working with a 54-card deck, which includes two jokers. If the card is clubs, the player gets their $1 back and wins an additional $3. If the card is not clubs, the player loses their $1 bet. What is the house edge (the expected value to the house)?