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Math Expert V
Joined: 02 Sep 2009
Posts: 58335
Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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1
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Difficulty:   25% (medium)

Question Stats: 72% (01:25) correct 28% (01:22) wrong based on 273 sessions

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Three quarters, three dimes, and x nickels are the only coins in a jar. If six coins are drawn from the jar, what is the probability that the total value of the coins drawn is less than fifty cents?

(1) The probability of getting a total value of more than or equal to fifty cents is .83.
(2) There are 11 coins in the jar.

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Senior Manager  G
Joined: 24 Apr 2016
Posts: 324
Re: Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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1
Quarters: 3 * 0.25

Dimes: 3 * 0.10

Nickels: x * 0.01

Statement 1 : The probability of getting a total value of more than or equal to fifty cents is .83.

Probability that the total value of the coins drawn is less than fifty cents = 1 - 0.83 = 0.17

This statement is sufficient

Statement 2 : There are 11 coins in the jar.

There are already Three quarters and three dimes, so the remaining 5 coins are nickels.

As we know the total number of coins and the value of each coin, we can calculate the probability that the total value of the coins drawn is less than fifty cents.

This statement is sufficient.

Director  S
Joined: 21 Mar 2016
Posts: 510
Re: Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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1
stat 1: directly answers the question
Probability that the total value of the coins drawn is less than fifty cents = 1 - 0.83 = 0.17
suff

stat2: total 11 coins,,,so nickels = 5..since we have the individual coins value and numbers,, we can calculate,,
suff,,

ans D
Intern  S
Joined: 02 Jan 2017
Posts: 35
Location: India
WE: Engineering (Telecommunications)
Re: Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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Dimes, nickel.. I was not aware of the values of these.(these are the part of some currency i guess)?
In actual exam will I be provided with the values for those terms??
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Math Expert V
Joined: 02 Sep 2009
Posts: 58335
Re: Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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1
er.arun88 wrote:
Dimes, nickel.. I was not aware of the values of these.(these are the part of some currency i guess)?
In actual exam will I be provided with the values for those terms??

Yes, you are not required to know this. On the actual exam the values will be provided.
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Intern  B
Joined: 14 Apr 2015
Posts: 15
Re: Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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Statement 1 is quite clear: 1-0.83=0.17
Statement 2: Since we know all the values of coins and number of coins of each value, it is sufficient!
Intern  Joined: 11 May 2017
Posts: 2
Re: Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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using statement 1, we can simply calculate the required probability. SUFFICIENT
Statement 2: since we know total no. of coins, and value of different types of coins,and also no. of coins of each category, it can be calculated. SUFFICIENT.

Hence, D is anwer!
Manager  B
Joined: 02 Feb 2016
Posts: 88
GMAT 1: 690 Q43 V41 Re: Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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Can someone explain the calculation if we were supposed to find out the probability using information given in statement (2)?

Thank you.
Board of Directors V
Status: Stepping into my 10 years long dream
Joined: 18 Jul 2015
Posts: 3583
Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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TheMastermind wrote:
Can someone explain the calculation if we were supposed to find out the probability using information given in statement (2)?

Thank you.

Hi TheMastermind ,

I believe you understood from statement 2 that we have 5 coins of nickel.

Now, we have the following denomination.

3 coins of value \$ 0.25 each.
3 coins of value \$ 0.10 each.
5 coins of value \$ 0.01 each.

Now, note that to determine the probability of getting value more than or equal to \$0.50 , I need to select atleast one coin of value \$0.25.

I cannot get \$0.50 with any other combination such that only 6 coins are selected.

So, Probability of selecting atleast one quarter = 1 - P(selecting no quarter).

= 1 - 8C6/11C6.

Now, I know that this will give me value more than or equal to \$0.50. So, 1- this probability will give me value less than \$0.50.

I hope that makes sense. _________________
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Manager  S
Joined: 18 Sep 2018
Posts: 100
Re: Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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abhimahna wrote:
TheMastermind wrote:
Can someone explain the calculation if we were supposed to find out the probability using information given in statement (2)?

Thank you.

I believe you understood from statement 2 that we have 5 coins of nickel.

Now, we have the following denomination.

3 coins of value \$ 0.25 each.
3 coins of value \$ 0.10 each.
5 coins of value \$ 0.01 each.

Now, note that to determine the probability of getting value more than or equal to \$0.50 , I need to select atleast one coin of value \$0.25.

I cannot get \$0.50 with any other combination such that only 6 coins are selected.

So, Probability of selecting atleast one quarter = 1 - P(selecting no quarter).

= 1 - 8C6/11C6.

Now, I know that this will give me value more than or equal to \$0.50. So, 1- this probability will give me value less than \$0.50.

I hope that makes sense. Hi abhimahna,

regarding what you said,

"Now, note that to determine the probability of getting value more than or equal to \$0.50 , I need to select atleast one coin of value \$0.25."

if one coin selected from the value \$0.25 and rest 5 from \$0.01, then the value would not be >= \$0.50

Could you please clarify this?

Thanks,
Shaheen
Intern  B
Joined: 24 Jul 2017
Posts: 3
Re: Three quarters, three dimes, and x nickels are the only coins in a jar  [#permalink]

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Hi Shaheen,

The value of a nickel is .05\$ NOT .01\$.
Now it makes sense to say that we've to select at least one coin of .25\$ Re: Three quarters, three dimes, and x nickels are the only coins in a jar   [#permalink] 08 Nov 2018, 01:04
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