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31-10-2020
Mathematics

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There are four $20 bills, six $10 bills, eight $5 bills, and two $1 bills in your wallet. You select one bill at random. What is the expected value for this experiment? Must be answered in terms of statistics and probability please. Thank you

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shubhamshekhawat090 shubhamshekhawat090

31-10-2020

Answer:

total no. of possibilities =20

Step-by-step explanation:

probability of $20 bill=4/20=1/5

probability of $10 bill=6/20=3/10

probability of $5 bill=8/20=2/5

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