John Has Six Bills of Paper Money in the Following

question 1

Multiple Choice

John has six bills of paper money in the following denominations: $1, $5, $10, $20, $50, and $100 If he selects 3bills at a time what is the probability of selecting a group that has an average value of at least $26?

• A) 0.55
• B) 0.50
• C) 0.60
• D) 0.45

---

Definitions:

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Preferred Hypothesis

A theory or statement that is given precedence due to existing beliefs, biases, or the current frame of reference.

Devil's Advocate Procedure

A technique in which an individual intentionally takes a contrary position or argument to a prevailing idea or strategy, to stimulate critical thinking and test assumptions.

Counterargument Role

A role or approach in discussions or debates where an individual actively develops and presents arguments against a prevailing view or proposition, to test its validity.