In the New York State Numbers lottery, you pay $1 and can bet that the sum of the numbers that come up is 13 The probability of winning is 0.075, and if you win, you win $9, which is a profit of $8 If you lose, you lose $1. What is the expected value of your profit? Round the answer to two decimal places. .

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
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In the New York State Numbers lottery, you pay $1 and can bet that the sum of the numbers that come up is 13 The probability of winning is 0.075, and if you win, you win $9, which is a profit of $8 If you lose, you lose $1. 

What is the expected value of your profit? Round the answer to two decimal places. 

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