A Box Contains One Each of $2, $8, $40, $65

question 12

Short Answer

A box contains one each of $2, $8, $40, $65, and $100 bills. You reach in and withdraw one bill. What is the expected value? Please round your answer to the nearest dollar.
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$__________

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Definitions:

General Contractor

A primary contractor responsible for overseeing a construction project, managing subcontractors, and ensuring the work is completed as specified in the contract.

Trustee In Bankruptcy

The licensed professional appointed to administer the estate of a bankrupt for the benefit of the creditors.

Guarantee

A formal assurance or promise that certain conditions will be fulfilled, including products meeting specific standards or services being satisfactorily rendered.

Repossess

The act of taking back property by a seller or lender from the buyer or borrower, usually due to failure in payment.