Friday Puzzler -- bag of coins
Alex Y
I have a bag of 50 current US coins that add exactly to $1. If I pick a coin at random from the bag, what is the probability that it is a penny?
Est. 1998 — 27 years of woodworking knowledge
Friday Puzzler -- bag of coins
Alex Y
I have a bag of 50 current US coins that add exactly to $1. If I pick a coin at random from the bag, what is the probability that it is a penny?
Re: Friday Puzzler -- bag of coins
john Veerkamp
80%
Re: Friday Puzzler -- bag of coins
Larry Barrett
Either .8 or .9, depending on which bag you choose.
So the answer is ... ?
That's correct if
Alex Y
the bag contains 40 pennies, 8 nickels and 2 dimes.
There is another possibility, though, alluded to in Larry's post.
Re: So the answer is ... ?
Larry Barrett
The other alternative is 1 quarter, 2 dimes, 2 nickels, and 45 pennies.
Re: So the answer is
Alex Y
Correct. I was just looking for the last little step. Since you don't know which of those possible bags I hold, in the absence of any other information the natural assumption is that either is equally likely. So the probability that I picked a penny is 85%. 