SOLUTION: If you have 12 $1.00 bills, 5 $2.00 bills, 2 $20.00 bills, and 1 $50.00, make a probability distribution table and find the expected value.
Algebra.Com
Question 566380: If you have 12 $1.00 bills, 5 $2.00 bills, 2 $20.00 bills, and 1 $50.00, make a probability distribution table and find the expected value.
Answer by richard1234(7193) (Show Source): You can put this solution on YOUR website!
20 bills in total
$1--12/20
$2--5/20
$20-2/20
$50-1/20
 = \sum x_ip(x_i))
 + 2(\frac{5}{20}) + 20(\frac{2}{20}) + 50(\frac{1}{20}))
RELATED QUESTIONS
If you have to pay $75.00 and have 27 bills of $1.00 and $5.00, how many bills do you... (answered by CubeyThePenguin,ikleyn,greenestamps)
A person opens his wallet and finds that all the bills are $1 bills, $5... (answered by josgarithmetic,greenestamps)
A large sack contains twenty $1 bills, three $2 bills, six $5 bills, fifteen $20 bills,... (answered by swincher4391,josmiceli)
A large sack contains twenty $1 bills, three $2 bills, six $5 bills, fifteen $20 bills,... (answered by greenestamps,ikleyn)
1) Stan has 14 bills in his wallet worth $95 altogether. If the wallet contains only $5... (answered by addingup)
Suppose your wallet contains 10 bills of the following denominations: five $5 bills, two... (answered by richwmiller)
A man has an investment of 13,760.00 in cash for equipment. His estimates of the year... (answered by Theo)
Consider the following grouped frequency distribution, which portrays the duration (in... (answered by Solver92311,ewatrrr)
A box contains 4 bills- $1, $5, $10, $20. You reach into the box and pull out 2 bills.... (answered by Edwin McCravy)