Suppose you draw 4 cards from a standard 52 cards deck, what is the expected value of the highest card among the 4 cards? (Ace = 1, ..., King = 13) An accurate result is not necessary, I am more interested in a fast method to approximate it without using a calculator (if the accurate result is not simple enough).
I thought about (falsely) assuming that, by denoting the values of the cards as $X_1,\dots,X_4$, $$ P(\max(X_1,\dots,X_4)\leq x) = P(X_1\leq x)^4 $$
Then, for simplicity calculating the maximum of 4 i.i.d. uniforms on $[0,1]$ gives $$ P(\max(U_1,\dots,U_4)\leq x) = \int_0^1x4x^3dx = \frac{4}{5} $$ and finally, $$ 12\cdot\frac{4}{5}+1 = 10.6 $$ was my approximation for the max of 4 i.i.d. uniforms on $[1,13]$.
How bad is that?
As the 4 draws are in fact not independent because, loosely speaking, drawing a small card reduces the probability of drawing another small card, we have $$ P(\max(X_1,\dots,X_4)\leq x) < P(X_1\leq x)^4 $$ and thus the expected value should be a little higher, and of course the draws are not uniform from $[1,13]$, does that make a big difference?
In general, how would you approach these kind of questions, for example finding the expected value of the square of the number of red cards in that 4 card draw? I somehow always assume that the draws are independent, e.g. approximate the probability for a red card by $1/2$ to make the computation of the expected value as simple as possible and then try to correct the answer in the right direction, but I am sure there are better approaches.
$$P[\max\le k]=\frac{{4 k}\choose{4}}{52\choose4}=\frac{4k(4k-1)(4k-2)(4k-3)}{52(51)(50)(49)}$$ $$E[\max]=\sum_{k=1}^{13}kP[\max=k]=P[max\le 1]+\sum_{k=2}^{13}k(P[max\le k]-P[max\le k-1])$$ $$=\frac{32577}{2975}\approx 10.95$$
For an approximation, I would use the fact that the maximum of 4 independent uniform random variables has a Beta distribution with parameters 4 and 1 see here. The mean of that Beta distribution is 0.8. These are not Uniform(0,1) and not independent, but they are Unif(0.5,13.5) rounded to the nearest integer. Thus, if I took Unif(0,1) random variables, multiplied them by 13 and added 0.5, I would have Unif(0.5, 13.5) random variables. The maximum of those would have mean approximately 0.8*13+0.5=10.9. This approximation works very well in this case.