Question

The manager where you work with has made a contest to encourage you to learn more about a new company you are working with for business. Every time you get a correct answer to the managers question, you get to draw a $1, $5, or $10 bill from a bag. There are 10 bills in the bag, 5 are $1 bills, 4 are $5 bills, and 1 is a $10 bill.

If you are the first to draw, what is your expected value in rewards?
Possible answers:
A: $4.00
B: $3.50
C: $3.00
D: $4.50

Answer 1

$3.50

Explanation:

Answer 2

$3.50

Explanation:

add the dollar amount of the bills together, 5x1 + 4x5 + 10x1= 35

then divide that by the total number of bills to get your answer of $3.50