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Refer to the following table regarding the game of keno. Outcome Probability 6 winning spots 0.00012898...

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 $3 (but you pay $1 to play, so your profit is $2), five pays $100, and six pays $2,500. (Round your answer to two decimal places.)

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Final answer rounded to two decimal places is -0.15

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