Duncan gets to choose 1 of 5 envelopes as a prize. One of the envelopes has a $100 cash, 2 envelopes each have a $40 gift card, and the other 2 envelopes each have a $10 off coupon. What is the probability that Duncan will get an envelope worth at least $20 in value?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Duncan gets to choose 1 of 5 envelopes as a prize. One of the envelopes has a $100 cash, 2
envelopes each have a $40 gift card, and the other 2 envelopes each have a $10 off coupon. What is
the probability that Duncan will get an envelope worth at least $20 in value?
50%
40%
60%
30%
Transcribed Image Text:Duncan gets to choose 1 of 5 envelopes as a prize. One of the envelopes has a $100 cash, 2 envelopes each have a $40 gift card, and the other 2 envelopes each have a $10 off coupon. What is the probability that Duncan will get an envelope worth at least $20 in value? 50% 40% 60% 30%
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