Lottery: In the New York State Numbers lottery, you pay $2

Last updated: 7/23/2022

Lottery: In the New York State Numbers lottery, you pay $2 and can bet that the sum of the numbers that come up is 13. The probability of winning is 0.08, and if you win, you win $10, which is a profit of $8. If you lose, you lose $2. Part: 0/2 Part 1 of 2 (a) What is the expected value of your profit? Round the answer to two decimal places. The expected value of profit is