SOLUTION: A box contains ten php10 bills, five php20 bills, three php50 bills and one Php100 bill. Find the expectation . Is the game fair?
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Question 1151688: A box contains ten php10 bills, five php20 bills, three php50 bills and one Php100 bill. Find the expectation . Is the game fair?
Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!
Assuming the player selects one bill randomly, the "expectation" (expected value) is
The game is fair if the cost to play the game is 450/19....
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