Answer :
Using the concepts of probability, we got 0.5 is the probability of drawing the sum $20 or more when two bills are drawn randomly without replacement.
We have an envelope contains 8 bills;
Two of $1 bills, Two of $5 bills, Two of $10 bills, Two of $20 bills.
When two bills are drawn randomly without replacement, we have to find the probability that their sum is $20 or more.
Total outcomes = 2 x 2 x 2 x 2 = 16
Total possible outcomes, more than 20;
(1, 20), (20, 1), (5, 20), (20, 5), (10, 10), (20, 10), (10, 20), (20, 20) = 8 cases
That is,
The total possible outcomes is 8.
Now,
The probability of bill to be $20 or more = Possible outcome / Total outcome
Probability = 8/16 = 1/2=0.5
Hence, When two bills are drawn randomly without replacement, the probability that their sum is $20 or more is 0.5.
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(Complete question)
an envelope contains eight bills: 2 ones, 2 fives, 2 tens, and 2 twenties. two bills are drawn at random without replacement. what is the probability that their sum is $20 or more?
