In the 3 Spot version of the former California Keno lottery game, the player picked three numbers

In the €œ3 Spot€ version of the former California Keno lottery game, the player picked three numbers from 1 to 40. Ten possible winning numbers were then randomly selected. It cost $ 1 to play. The accompanying table shows the possible outcomes. Compute the expected value, the net €œgain,€ for this game. Interpret what it means.

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Number of Matches Amount Won Probability $20 $2 $0 012 137 851 0 or 1