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What is the expected amount of money we withdraw

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Reference no: EM131578866

Question: We have a nickel and quarter in a cup. We withdraw one coin. What is the expected amount of money we withdraw? What is the variance? We withdraw two coins, one after the other without replacement. What is the expected amount of money we withdraw? What is the variance? What is the expected amount of money and variance for the first draw? For the second draw?

Reference no: EM131578866

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