A box contains five slips of paper, marked $ 1, $ 1, $ 1, $ 10, and

Question:

A box contains five slips of paper, marked $ 1, $ 1, $ 1, $ 10, and $ 25. The winner of a contest selects two slips of paper at random and then gets the larger of the dollar amounts on the two slips. Define a random variable w by w = amount awarded. Determine the probability of w. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...