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Suppose you have a bag with the following in it: 5 one dollar bills, 4 fives, 3 tens, 5 twenties, and 3 fifties. Assuming the experiment requires drawing one bill from the bag at random, complete the probability distribution for this experiment.

Required:
What is the probability of drawing 9 dollars or less in a single draw?

Respuesta :

mathmate

Answer:

(a) Probility Distribution

Outcome   probability

$1               5/15 = 1/3

$5              4/15

$10             3/15 = 1/5

$20            5/15 = 1/3

(b) P($9 or less) =  3/5

Step-by-step explanation:

(a) Probility Distribution

Outcome   probability

$1               5/15 = 1/3

$5              4/15

$10             3/15 = 1/5

$20            5/15 = 1/3

Any other denomination

                  0

(b)

ways to draw $9 or less in a single draw

P($1) = 1/3

P($5) = 4/15

P($9 or less) = P($1) + P($5) = 1/3 + 4/15 = 9/15 = 3/5

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