A wheel of fortune in a gambling casino has 54 different slots in which the wheel pointer can stop. Four of the 54 slots contain the number 9. For $4 bet on hitting a 9, if he or she succeeds, the gambler wins $17 plus return of the $4 bet. What is the expected value of this gambling game? 

(Present your answer in dollars with 2 decimal places but without $ sign)

Answer rating: 100% (QA)

To calculate the expected value of the gambling game we can use the follo... View the full answer