Your wallet contains two $1 bills, four $5 bills
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Your wallet contains two $1 bills, four $5 bills, six $10 bills and 8 $20 bills.Construct a probability distribution for the data for randomly selecting one of the bills (assume that the bill will be replaced after each draw).Calculate the mean, variance and standard deviation for the distribution. Please show your steps and use the equation editor to format your answers.Mean:Variance:Standard Deviation:Use the range rule of thumb to determine if it would it be considered unusual to pull a $1 bill out of your wallet? Explain.