A hat has been filled with five $1 bills, one $2 bill, one $5 bill, one $10 bill, one $20 bill, and one $100 bill. If you pull out one bill from this hat with out looking what would your expected value be?

Explain how you got your answer.

Question

A hat has been filled with five $1 bills, one $2 bill, one $5 bill, one $10 bill, one $20 bill, and one $100 bill.  If you pull out one bill from this hat with out looking what would your expected value be? 

Explain how you got your answer.

anonymous · Answer

well first you have to realize that it doesn't matter the amount of money that's on the bill because the odds are based on how many bills there are

anonymous · Answer

you have a 50% chance of getting a one dollar bill, 10% 2 dollar bill, 10% five, 10% ten, 10% twenty, and 10% one hundred

anonymous · Answer

so the biggest chance is getting a 1 dollar bill

anonymous · Answer

it says " what will your expected value be ?" the key word here is expected, so its asking you which bill is the most put in the hat

anonymous · Answer

@applehead21 please don't give direct answers :(

anonymous · Answer

i was explaining it

anonymous · Answer

@kittenlover731

anonymous · Answer

ya but then you gave here the answer

anonymous · Answer

ok so lauren, what did you think the answer is?