The jar which we are choosing from contains 70 nickels, 100 dimes, 80 quarters, and 50 one-dollar coins. For the denominator of this formula, the total number of possible outcomes, we need the total number of coins.
70+100+80+50=300coins
For the numerator of this formula, the total number of favorable outcomes, we need the total number of nickels, dimes and quarters.
70+100+80=250coins
Now we have enough information to calculate P(valuelessthan$1).
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