SOLUTION: Suppose 2 quarters, 9 dimes, and 8 nickels, and 8 pennies are in a box. One coin is selected at random. What is the expected value of this experiement? Thank you

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Question 481174: Suppose 2 quarters, 9 dimes, and 8 nickels, and 8 pennies are in a box. One coin is selected at random. What is the expected value of this experiement?
Thank you

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
27 coins: 2 quarters, 9 dimes, and 8 nickels, and 8 pennies
One coin is selected at random.
expected value of this experiement:
25*2/27 + 10*9/27 + 5*8/27 + 8/27 = 188/27 = 7 cents
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