You are shopping at the hottest new fashion outlet in town. While in the check-out line, you reach in your pocket and realize that in addition to your dollar bills, you have a quarter, dime, nickel, and two pennies. What is the probability that you will not be able to exactly match the change part of your bill with the 5 coins in your pocket?
Details and assumptions
Please write your answer in decimal form, rounded (if necessary) to the nearest hundredth.
A note on the source
This problem was taken from the Ole Miss Math Contest , which was hosted by Dr. David Rock of The University of Mississippi; the contest has not been so active recently and will probably be on hiatus for the foreseeable future. This problem was taken from the 'Algebra in Action' Challenge Mode section.
Image source: Wojtek Witkowski, via Unsplash archive
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There are 100 change possibilities for the bill ranging from 00 to 99. A quarter, dime, nickel, and two pennies can account for the following possibilities:
00, 01, 02, 05, 06, 07, 10, 11, 12, 15, 16, 17, 25, 26, 27, 30, 31, 32, 35, 36, 37 40, 41, 42,
which represents 24 possibilities. Therefore, you can account for 1 0 0 2 4 , but the question asks for the probability that you will not have the correct change or 1 0 0 7 6 or 2 5 1 9 = 0 . 7 6 .
If anyone has any other way to solve this other than enumerating (counting), please do share the solution!