Consider the following game: You reach into a jar of money, and select a single bill at random to keep. There are 9 five-dollar bills, 5 ten-dollar bills, and 3 twenty-dollar bills in the jar. What should the cost of this game be in order for the game to be fair

Step-by-step explanation:

From the question we are told that:

Available bills

Therefore

Total Bills

Probability of selecting each bill

Generally the equation for Expected winning is mathematically given by

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