document.write( "Question 106764: A box contains ten $1 bills, six $5 bills, and four $10 bills. A person is charged $5 to select a bill. What is the expected value?\r
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document.write( " a. -$1
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document.write( " b. $1
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document.write( " c. -$2
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document.write( " d. -$1.50
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Algebra.Com's Answer #77705 by scott8148(6628) You can put this solution on YOUR website! 20 bills in box so chance of any individual bill is .05\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "expected return is 10(1)(.05)+6(5)(.05)+4(10)(.05)=80(.05)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "but it costs $5 to select, so expected value is \"expected return\" minus 5 \n" ); document.write( " |