What is the expected amount of money we draw on first draw

Reference no: EM131165978

Two nickels, two dimes, and two quarters are in a cup. We draw three coins, one after the other, without replacement. What is the expected amount of money we draw on the first draw? On the second draw? What is the expected value of the total amount of money we draw? Does this expected value change if we draw the three coins all together?

Reference no: EM131165978

Questions Cloud

What is the sample space that we use for rolling two dice : What is the sample space that we use for rolling two dice, a first one and then a second one? Using this sample space, explain why it is that if we roll two dice, the event "i dots are on top of the first die" and the event "j dots are on top of t..

What is the pre-tax consumer surplus : On the graph, use the letters to represent the area of relevant parts of the graph: What is the pre-tax consumer surplus? What is the post-tax consumer surplus? What is the pre-tax producer surplus

Develop a brief jad plan : Develop a brief JAD plan, select two techniques that will help identify improvements, and then develop an agenda. Conduct the session, using the agenda, and write your post-session report.

Do think harry breached his fiduciary duty in his capacity : However, Harry maintained that out of those personal expenses, his cell phone bill, car repairs, gas, and health insurance were "necessary business expenses." Tom disputed this assertion. Do you think Harry breached his fiduciary duty in his capac..

What is the expected amount of money we draw on first draw : What is the expected value of the total amount of money we draw? Does this expected value change if we draw the three coins all together?

What is the present value of liability : If the relevant discount rate is 6.1 percent, what is the present value of this liability? (Enter your answer in dollars not in millions, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.1..

Describe the purpose of the survey : Describe the purpose of the survey, the way questions are worded, and how the questions have been organized. How can the questionnaire be improved? How will the responses be analyzed?

Research and analysis relevant site for functionalities : Research and analysis relevant site for functionalities in accordance to this projects requirements and ability to build a high-performance database with relational logic.

What are ebit under the best case scenario : Variable costs are estimated at $55 a unit, plus or minus 5%, and the fixed costs are $25000, plus or minus $25000. What are EBIT under the best case scenario?

User Account

All Pages