The total number of coins in the wallet, is:
![5+3+8+4=20](https://img.qammunity.org/2023/formulas/mathematics/college/bm5bujjq91c75riiktoews5jk7rurexknq.png)
Since there are 8 nickels and 4 pennies, there are 12 coins which are either nickels or pennies. Then, the probability of picking a nicle or a penny, is:
![(12)/(20)=(3)/(5)](https://img.qammunity.org/2023/formulas/mathematics/college/8u9e6h3xkl4r6i0ajem1g1hgbsy19bb4xf.png)
Multiply 3/5 by 240 to find the expected amount of times that a nicke or penny will be drawn:
![(3)/(5)*240=144](https://img.qammunity.org/2023/formulas/mathematics/college/fvg6kifo7ah6r7o0hags72gfh6wlkoh9vl.png)