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Whal'l you give $3 for a bet in a casino game, there is a 2561495 probability that you will lose 53 and there is a
Whal'l you give $3 for a bet in a casino game, there is a 2561495 probability that you will lose 53 and there is a 239!495 probability that you will make a net gain of $3. {If you win, the casino gives you $3 and you get to keep your 33 betr so the not gain is $3.] What is your expected value? In the long run, how much do you lose for each dollar bet? What is your expected value? I]: {Round to the nearest hundredth as needed)
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