What is the distribution of x
There are 5 red balls and 3 blue balls in a box. 3 balls are drawn from the box at once. If at least 1 blue ball is drawn, the draw is marked a "success." Let X denote the number of successful draws after 6 draws. What is the distribution of X?
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Robert wants to know if there is a relation between money spent on gambling and winnings.
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A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously. Is the above true or false and why?
What is the maximum amount a decision maker would pay for additional information?
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