A Box Contains One Each of $1, $5, $10, $50

question 1

Multiple Choice

A box contains one each of $1, $5, $10, $50, and $100 bills. You reach in and withdraw one bill. What is the expected value to the nearest cent?

• A) $33.40
• B) $33.00
• C) $33.20
• D) $33.60
• E) $32.80

---

Definitions:

Authority Hierarchy

An organizational structure where power and decision-making responsibilities are ranked from highest to lowest, directing how authority and commands flow.

Two-Way Communication

Two-way communication is an interactive form of communication where information flows back and forth between parties, allowing for feedback and exchange of ideas.

High Status

Refers to the position of an individual or group in a social hierarchy that is perceived as prestigious or having influence and respect within a society.

Problem-solving Strategy

A plan or method employed to identify solutions to difficult or complex issues, often involving systematic steps or critical thinking.