For many yeans, organized crime ran a numbers game that is rw run legally by many stale govermments. The player selects a three digit number from 000 to 999. There are 1000 such numbers. A bet of $4...

Extracted text: For many yeans, organized crime ran a numbers game that is rw run legally by many stale govermments. The player selects a three digit number from 000 to 999. There are 1000 such numbers. A bet of $4 is placed an a mber, say number 1l5. If the number is selected, the player wins $1600. If any other number is selected, the player wins nothing Find the expected value for this game and describe what this mears. The expected value of the numbers game is $ . (Round to the nearest cent.)