Craps: In the game of craps, a pair of dice are rolled, and people bet on the outcome. For example, you can bet $1 that the sum of the dice will be 3 (also called "Ace Deuce"). The probability that you win is 1 18 and if you win, your profit is $15. 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 -.11 dollars. Alternate Answer: -0.11 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 (Choose one) |of $