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Could you show the formula and work with how you got the answer? Your friend offers to place a bet with you. He will pay

Could you show the formula and work with how you got the answer?

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Your friend offers to place a bet with you. He will pay you $2 if your favorite sports team wins the game on Tuesday night. But you will pay him $3 if his team wins. Your team has an 55% chance of winning, whereas his only has a 45% Chance. This bet is in your favor. True or False. Which of the following random variables follow a binomial distribution? I. The number of blue chips (in a selection of four) selected from a bag with 15 blue chips and 5 red chips. II. The number of rainy days in a week. Ill. The number of times "red" appears in five games of roulette. O None of the Above O III only O I and Ill only O II and Ill only O All of the Above

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