Question

A very large bag contains more coins than you are willing to count. Instead, you draw a random sample of coins from the bag and record the following numbers of each type of coin in the sample before returning the sampled coins to the bag. If you randomly draw a single coin out of the bag, what is the probability that you will obtain a nickel? Enter a fraction or round your answer to four decimal places if necessary Quarters=29Dimes=30Nickels =26Pennies=15

Answer 1

given the following numbers of each type

Quarters=29

Dimes=30

Nickels=26

Pennies=15

the total number of coins is

`Total=29+30+26+15`
`Total=100`

The probability of obtain a nickel is given by

`P(n)=(Nickel)/(Total)`
`P(n)=(26)/(100)`
`P(n)=(13)/(50)=2.6`

the probability that you will obtain a nickel is 13/50