document.write( "Question 534682: Consider a large bag of coins, consisting of only quarters ($0.25), dimes ($0.10), and nickels ($0.05). 40% of the coins are nickels, 35% are dimes, and 25% are quarters.\r
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document.write( "Randomly select 5 coins from the bag. What is the probability that your selection is worth at least $1.00? (Note that the only way to make $1 with 5 coins is with four (4) quarters and one (1) other coin.) \n" );
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Algebra.Com's Answer #351642 by Edwin McCravy(20059)![]() ![]() You can put this solution on YOUR website! Consider a large bag of coins, consisting of only quarters ($0.25), dimes ($0.10), and nickels ($0.05). 40% of the coins are nickels, 35% are dimes, and 25% are quarters. \n" ); document.write( " \r\n" ); document.write( "\r\n" ); document.write( "You must draw either 5 quarters of 4 quarters and a nickel or dime.\r\n" ); document.write( "\r\n" ); document.write( "Suppose there are 100N coins consisting of 40N nickels, 35N dimes, and 25N\r\n" ); document.write( "quarters. Note: there are 75N non-quarters\r\n" ); document.write( "\r\n" ); document.write( "The number of successes equals\r\n" ); document.write( "\r\n" ); document.write( "the number of ways to draw 5 quarters is C(25N,5)\r\n" ); document.write( "\r\n" ); document.write( "plus\r\n" ); document.write( "\r\n" ); document.write( "the number of ways to draw 4 quarters and 1 non-quarter is C(25N,4)·(75N)\r\n" ); document.write( "\r\n" ); document.write( "So the number of successes is\r\n" ); document.write( "\r\n" ); document.write( "C(25N,5) + C(25N,4)·(75N)\r\n" ); document.write( "\r\n" ); document.write( "\n" ); document.write( " |