What is chance that there are three red tickets in the box

Reference no: EM131811842

Question: A box contains 5 tickets. An unknown number of them are red, the rest are green. Suppose that to start off with you think there are equality likely to be 0, 1, 2, 3, 4, or 5 red tickets in the box.

a) Three tickets are drawn from the box with replacement between draws, The tickets drawn are red, green, and red. Given this information, what is the chance that there are actually 3 red tickets in the box?

b) What would your answer to (a) be if you knew the draws were made without replacement?

Reference no: EM131811842

Questions Cloud

Prepare a report for the strategic officers steering : As members of the senior management team of ToolsCorp Corporation, your group has been asked to prepare a neat and organized report .

What is the probability that student actually knew answer : Given that the student gets the correct answer to this question chosen at random, what is the probability that he actually knew the answer?

What is the amount of the discount : 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds?

Develop your revised companys mission statement : Develop your revised company's Mission Statement and provide a rationale for its components.

What is chance that there are three red tickets in the box : A box contains 5 tickets. An unknown number of them are red, the rest are green. Suppose that to start off with you think there are equality likely.

What is a literary masterpiece today : What is a literary masterpiece today? What must a literary masterpiece be? What qualities must a literary work have to be considered a masterpiece?

Calculate the break-even point in sales dollars : Calculate the break-even point in sales dollars. If Music Now has a target profit of $90,000, how many MP3 players will they have to sell?

General audit standards : To start off, let's look into the general audit standards. These are the Professional Ethics standards for CPAs. One of you can start out by listing.

Discuss and explain the construct with critical thought : Your choice should also consider your current interests in psychology and support your future career goals - These articles must provide sufficient information

User Account

All Pages