student receives the following grades, with an A worth 4 points, a B worth 3 points, a C worth 2 points, and a D worth 1 poi
1 answer:
You might be interested in
Answer:
$ 7.7
Step-by-step explanation:
Given,
There are 18 $1 bills, ten $5 bills, eight $10 bills, three $20 bills, and one $100 bill,
Total number of bills = 18 + 10 + 8 + 3 + 1 = 40,
Thus,
The probability of $ 1 =
The probability of $ 5 =
The probability of $ 10 =
The probability of $ 20 =
The probability of $ 100 =
If a bill is selected randomly,
The expected value of the bill
= $ 7.7