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There are four $20 bills, five $10 bills, seven $5 bills, and four $1 bills in your wallet. You select one bill at random. What is the expected value for this experiment? $

There are four $20 bills, five $10 bills, seven $5 bills, and four $1 bills in your wallet. You select one bill at random. What is the expected value for this experiment? $
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There are four $20 bills, five $10 bills, seven $5 bills, and four $1 bills in your wallet. You select one bill at random. What is the expected value for this experiment?

$

asked
User Sam Joseph
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1 Answer

3 votes
The expected value is to get either a $5 bill or a $10 bill because of it has more of it's kind in the wallet.
answered
User Alex Ciminian
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7.4k points
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