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

Question

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

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Maris 5 months 2021-08-26T05:07:31+00:00 1 Answers 9 views 0

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    0
    2021-08-26T05:09:05+00:00

    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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