Question: B) is it an expected gain or an expected loss ? Round the answer to two decimal places Lottery: In the New York State Numbers

B) is it an expected gain or an expected loss ? Round the answer to two decimal places

Lottery: 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 0.06, and if you win, you win $5.50, which is a profit of $4.5. If you lose, you lose $ 1. 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 -0.67 Part: 1 / 2 Part 2 of 2 (b) Is it an expected gain or an expected loss? Round the answer to two decimal places. This is an expected of X

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1. To understand the prerequisites for personal communication mastery.