Question

A grab-bag contains 30 packages worth $.65 each, 10 packages $.60 cents each, and 15 packages worth $.30 each. What is the expected value if you have to pay $.50 to pick one package at random?
A. about -$0.03
B. about $0.11
C. about -$0.11
D. about $0.03

Answer 1

The answer would be 0.03.
What I did was 50/15 which would get me 0.0333333333333. But since money can only the cents can only have two numbers. So it would be 0.03 as the answer. So it’s the answer d.