A craft store has 25 assorted grab bags on sale for $3.00 each. Fifteen of the bags
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A craft store has 25 assorted grab bags on sale for $3.00 each. Fifteen of the bags contain $3.00 worth of merchandise, six contain $2.00 worth, two contain $5.00 worth of merchandise, and there are one each containing $10.00 and $20.00 worth of merchandise. Suppose that you purchase one bag; what is your expected gain or loss?
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probability of getting 3 worth of merchandise 1525 06 probability of getting 2 w...View the full answer
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Related Book For 
Elementary Statistics A Step By Step Approach
ISBN: 9780077665807
9th Edition
Authors: Allan G. Bluman
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