Get expert advice and community support on IDNLearn.com. Get the information you need from our community of experts who provide accurate and comprehensive answers to all your questions.
A grab-bag contains 30 packages worth $.65 each, 10 packages $.60 cents each, and 15 packages worth $.30 each. What is the expected value if you have to pay $.50 to pick one package at random?
A. about -$0.03
B. about $0.11
C. about -$0.11
D. about $0.03
The answer would be 0.03. What I did was 50/15 which would get me 0.0333333333333. But since money can only the cents can only have two numbers. So it would be 0.03 as the answer. So it’s the answer d.
Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Your questions find clarity at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.