A speaker is talking about the principle of charity, and suggests that a personwho is...
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A speaker is talking about the principle of charity, and suggests that a personwho is truly charitable will offer money to someone in need unreservedly. Heillustrates this by saying that one should open their wallet and hand money toanother person without looking at how much money they are holding. Supposethis speaker had five bills in his wallet: two $20, one $10, and two $5. If he wereto choose one bill at random to give away to the next person who asked him,what is the expected value of his handout?
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