Question

A box has 3 one-dollar bills, 2 five-dollar bills, 2 ten-dollar bills, and 1 twenty-dollar bill. A student selects one bill from the box at random.
PART A Develop a probability model to compare the probability of selecting $5 to the probability of selecting $10. Explain.
PART B how does the probability of selecting $1 compare to the probability of selecting $20? explain​

Answer 1

Answer and explanation:

There's 3 one dollar bills

2 five dollar bills

and 2 ten dollar bills

and 1 twenty dollar bill

3+2+2+1=8

Part A: The probability of selecting 5 is 2/8 and the probability of selecting 10 is also 2/8 and both of them are the same, 1/4.

Part B: The probability of selecting a one dollar bill is 3/8 and the probability of selecting a twenty dollar bill is 1/8 because there are 3 one dollar bills in 8 bills and 1 twenty one dollar bill in 8 bills only.