You draw and keep a single bill from a hat that contains a $1,$10,$20, and $100 bill. What is the expected value of game to you?

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.CT: Chapter Test
Problem 15CT
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You draw and keep a single bill from a hat that contains a $1,$10,$20, and $100 bill. What is the expected value of game to you?

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