Jared plays a game where the players take turns spinning a wheel with 3 spaces. Each have a different
prize value. The probability of landing on $100 is 4/7, probability of landing on $500 is 2/7, and the
probability of landing on $1,200 is 1/7. What is Jared's expected value (in monetary earnings) if he plays
the game? You must show your work and answer. Answer in proper format for money. points)