Wednesday

July 23, 2014

July 23, 2014

Total # Posts: 3

**FINITE**

selection of colored balls from two bags. Assume that each bag contains 4 balls. Bag a contains 2 red and 2 white, while bag b contains 2 red, 1 white, and 1 blue. You randomly select one ball from bag a, note the color, and place the ball in bag b. You then select a ball from...

**FINITE**

Assume that the business makes a profit with probability 0.8 in the first year. For each year thereafter, the business makes a profit with probability 0.8 if it made a profit in the previous year, and with probability 0.2 if it did not make a profit in the previous year. What ...

**FINITE**

Assume that the box contains 9 balls: 1 red, 2 blue, and 6 yellow. As in the text, you draw one ball, note its color, and if it is yellow replace it. If it is not yellow you do not replace it. You then draw a second ball and note its color. 1) What is the probability that the...

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