5 dimes 5 pennies 5 quarters and 10 nickels (expected value)

label Algebra
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

you choose one coin at random what is the expected value leave answer in 3 decimals 

May 13th, 2015

(5/25)(0.10) + (5/25)(0.01) + (5/25)(0.25) + (10/25)(0.05)

= (0.2)(0.10) + (0.2)(0.01) + (0.2)(0.25) + (0.4)(0.05)

= 0.02 + 0.002 + 0.05 + 0.02

= $0.092

May 13th, 2015

Wow! Thank you so much Vincent A!

May 13th, 2015

you're very welcome :)

May 13th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
May 13th, 2015
...
May 13th, 2015
Jun 25th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer