Find the median number of american pennies in a roll, Microeconomics

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Find the median number of american pennies in a roll

a) Banks only accept coins for deposit if they are rolled in specified amounts. Pennies, for example, are to be in rolls of 50. A Canadian bank has checked the 200 rolls of pennies they have on hand. Only 12 of the rolls contained all Canadian pennies: the rest all had at least one American penny. Altogether in the 200 rolls, about how many American pennies are there?

b) What is the median number of American pennies in a roll?

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Microeconomics: Find the median number of american pennies in a roll

Reference No:- TGS040953

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Microeconomics: Find the median number of american pennies in a roll

Reference No:- TGS040953

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Calculate max-s marginal utility from windsurfing

Q : Average balance in accounts payable

Q : Company investment in kenney

Q : What is the company''s net operating income

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find the median number of american pennies in a roll

Reference No:- TGS040953

Recent Questions Asked Microeconomics

Q : Calculate max-s marginal utility from windsurfing

Q : Average balance in accounts payable

Q : Company investment in kenney

Q : What is the company''s net operating income

Q : Find the median number of american pennies in a roll

Q : Net amount of cash provided by for financing activity

Q : Floatation cost as a percentage of funds

Q : How would event affect the money supply

Q : Method of amortizing discounts and premiums

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