Purchase Solution

# Calculating Probability with Replacement

Not what you're looking for?

An urn contains 7 blue and 3 yellow chips. If the drawing of chips is done with replacement, determine the probability of:

(a) Drawing three yellow chips.
(b) Drawing a blue chip on the first draw and a yellow chip on the second draw.
(c) Drawing a blue chip on the second draw given that a yellow chip was drawn on the first draw.
(d) Drawing a yellow chip on the second draw given that a blue chip was drawn on the first draw.
(e) Drawing a yellow chip on the second draw given that a yellow chip was drawn on the first draw.

##### Solution Preview

An urn contains 7 blue and 3 yellow chips. If the drawing of chips is done with replacement, determine the probability of:

(a) Drawing three yellow chips.
(3/7) x (3/7) x (3/7) = ...

Solution provided by:
###### Education
• MBA, Aspen University
• Bachelor of Science , Berea College
###### Recent Feedback
• "Thank u"
• "Thank You!"
• "Thanks!"
• "Thank you so much"
• "Great job...thanks."

##### IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

##### Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

##### Basics of corporate finance

These questions will test you on your knowledge of finance.

##### Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.