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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.
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