Step 1 :Define the possible outcomes and their probabilities. In this game, there are two possible outcomes: winning $2000 with a probability of 1/400, or losing $8 with a probability of 399/400.
Step 2 :Calculate the expected payback for each outcome by multiplying the outcome by its probability. The expected payback for winning is \(2000 \times \frac{1}{400} = 5.0\). The expected payback for losing is \(-8 \times \frac{399}{400} = -7.98\).
Step 3 :Sum the expected paybacks for all outcomes to find the total expected payback for the game. The total expected payback is \(5.0 - 7.98 = -2.98\).
Step 4 :Final Answer: The expected payback for the game is \(\boxed{-2.98}\).