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Question

For many​ years, organized crime ran a numbers game that is now run legally by many state governments. The

player selects a​ three-digit number from 000 to 999. There are 1000 such numbers. A bet of $ 1


$1 is placed on a​ number, say number 115. If the number is​ selected, the player wins ​$300


300. If any other number is​ selected, the player wins nothing. Find the expected value for this game and describe what this means.

The expected value of the numbers game is ​$ round to the nearesr cent

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