AP4.32 A standard deck of playing cards contains cards, of which are aces and are hearts. You are offered a choice of the following two wagers:
I. Draw one card at random from the deck. You win if the card drawn is an ace. Otherwise, you lose .
II. Draw one card at random from the deck. If the card drawn is a heart, you win . Otherwise, you lose . Which of the two wagers should you prefer?
a. Wager , because it has a greater expected value
b. Wager , because it has a greater expected value
c. Wager , because it has a greater probability of winning
d. Wager , because it has a greater probability of winning
e. Both wagers are equally favorable