UC ttery: In the New York State Numbers lottery, you pay $1 and can bet that the sum of the numbers that come up is 13. The bability of winning is 0.06, and if you win, you win $9.50, which is a...

Extracted text: UC ttery: In the New York State Numbers lottery, you pay $1 and can bet that the sum of the numbers that come up is 13. The bability of winning is 0.06, and if you win, you win $9.50, which is a profit of $ 8.5. 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-0.43 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 $