6. [1/3 Points] DETAILS PREVIOUS ANSWERS JMODD8 3.5.028. MY NOTES PRACTICE ANOTHER Refer to the following table regarding the game of keno. Outcome Probability 6 winning spots 0.00012898 5 winning spots 0.00309564 4 winning spots 0.02853792 3 winning spots 0.12981955 Fewer than 3 winning spots 0.83841791 (a) Find the expected value of a $1 bet in six-spot keno if three winning spots pays $1 (but you pay $1 to play, so you actually break even), four winning spots pays $5 (but you pay $1 to play, so your profit is $4), five pays $110, and six pays $2,600. (Round your answer to two decimal places.) $ 1 about $ 0.03 X (enter a positive (b) Interpret the expected value. For a large number of plays, you should expect to lose value) for every dollar you bet. Need Help? Read Watch it