A box contains one each of $4, $8, $25, $90, and $100 bills. You reach in and withdraw one bill. What is the expected value?
A) $114
B) $45
C) $25
D) $20
E) $227

Name: A box contains one each of $4, $8, $25, $90, and $100 bills. You reach in and withdraw one bill. What is the expected value? A) $114 B) $45 C) $25 D) $20 E) $227
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Question

A box contains one each of $4, $8, $25, $90, and $100 bills. You reach in and withdraw one bill. What is the expected value? ​
A) $114
B) $45
C) $25
D) $20
E) $227

Quizplus · Accepted Answer

The expected value is calculated by adding all the values together and then dividing by the number of values. So, ($4 + $8 + $25 + $90 + $100) / 5 = $227 / 5 = $45.

A Box Contains One Each of $4, $8, $25, $90