Question
1) There is a box. Inside we put two balls, which can be red or blue with equal probability. We take out one ball
1) There is a box. Inside we put two balls, which can be red or blue with equal probability. We take out one ball and see that is red. We put it back. We take out another ball and see that is red again. What is the probability that the other ball is red? 2) What is the probability that both balls are red if this experiment is repeated 3 times and each time the ball we take out is red? 3) What is the probability that both balls are red if this experiment is repeated in times and each time the ball we take out is red?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
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