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 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

Answer 1

Answer:

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.