Question: Poker chips are numbered ($ 1, $ 5, $ 10, $ 20), and ($ 50). Four chips are numbered ($ 1). Two chips are numbered
Poker chips are numbered \(\$ 1, \$ 5, \$ 10, \$ 20\), and \(\$ 50\). Four chips are numbered \(\$ 1\). Two chips are numbered \(\$ 5\). Two chips are numbered \(\$ 10\). One chip is numbered \(\$ 20\). One chip is numbered \(\$ 50\). If one chip is selected at random, find the expected value of the chip.
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