Suppose that you have 5 quarters, 5 dimes, 10 nickels, and 5 pennies in your pocket. You
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Suppose that you have 5 quarters, 5 dimes, 10 nickels, and 5 pennies in your pocket. You reach in and choose a coin at random so that you can give it to your child. What is the expectation? What is the most likely gift?
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The expectation value or expected value is a key concept in probability theory reflecting the averag...View the full answer
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