A student with two summer jobs earns $10 per hour at a cafe and $8 per hour at a market the student would like to earn at least
1 answer:
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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