Mathematics, 02.10.2021 23:00, ajayrose

You reach into a jar of money, and select a single bill at random to keep. There are 9 five-dollar bills, 6 ten-dollar bills, and 4 twenty-dollar bills in the jar.
What is the expected value for this game? $
How much should it cost to play this game in order for the game to be fair?

Answers: 3

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You reach into a jar of money, and select a single bill at random to keep. There are 9 five-dollar bills, 6 ten-dollar bills, and 4 twenty-dollar bills in the jar. What is the expected value for this game? $ How much should it cost to play this game in order for the game to be fair?

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Other questions on the subject: Mathematics

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You reach into a jar of money, and select a single bill at random to keep. There are 9 five-dollar bills, 6 ten-dollar bills, and 4 twenty-dollar bills in the jar.
What is the expected value for this game? $
How much should it cost to play this game in order for the game to be fair?