Question

There are 1,765,000 five thousand dollar bills in circulation and 3,460,000 ten thousand dollar bills in circulation. Choose one bill at random (wouldn't that be nice!). What is the probability that it is a ten thousand dollar bill?

Answer 1

Answer: 0.662201

Step-by-step explanation:

Number of five thousand dollar bills in circulation = 1,765,000

Number of ten thousand dollar bills in circulation = 3,460,000

Total bills in circulation = 1,765,000 + 3,460,000 = 5225000

If one one bill is chosen at random, the probability that it is a ten thousand dollar bill will be:

= Number of ten thousand dollar bills in circulation / Total bills in circulation

= 3,460,000 / 5225000

= 0.662201

The probability that it is a ten thousand dollar bill is 0.662201.