Ask Question
10 January, 23:02

you are invited to play the following game: an urn holds two white and three black balls, and you draw three balls randomly. If you draw no white balls, you lose $10; if you draw one white ball, you lose nothing; and if you draw both white balls, you gain $10. Should you play this game? You must present an argument for possible f

+5
Answers (1)
  1. 10 January, 23:29
    0
    That is why i did not play this game.

    Explanation:

    Lets i have initially $100.

    There are 2 white and 3 black balls.

    I have to draw 3 balls

    If i draw no white balls, i lose $10; if i draw one white ball, i lose nothing; and if i draw both white balls, you gain $10.

    So the final fortune = x

    x = 100 x 1/2 x 1/2 x 3/2 x 3/2

    x = $56.25

    That is why i did not play this game.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “you are invited to play the following game: an urn holds two white and three black balls, and you draw three balls randomly. If you draw no ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers