In old gangster movies on TV, you often hear of number runners or the numbers racket. This
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In old gangster movies on TV, you often hear of "number runners" or the "numbers racket." This numbers game, which is still played today, involves betting \(\$ 1\) on the last three digits of the number of stocks sold on a particular day in the future as reported in The Wall Street Journal. If the payoff is \(\$ 500\), what is the expectation for this numbers game?
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