What is the expected profit of such a game


Problem

For $14 you can may play a game of chance: Draw a random number from 1 to 6 from a hat. You square the number you draw and you win that much cash. What is the expected (net) profit of such a game (take into account the cost to play)?

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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