Answer:
The probability that fewer than 2 of the selected balls are red given that exactly 2 of the selected balls are yellow is 0.7840.
Step-by-step explanation:
The balls in the urn are:
<em>R</em> = red balls = 3
<em>Y</em> = yellow balls = 2
<em>B</em> = blue balls = 5
The probability of drawing a red ball is,
.
The probability of drawing a yellow ball is,
.
The probability of drawing a blue ball is,
.
Five balls are drawn from the urn with replacement.
The conditional event of selecting less than 2 red balls given that exactly 2 yellow balls have already been selected is same as selecting less than 2 red balls in 3 draws.
The event of the number of red balls selected follows a binomial distribution with parameters <em>n</em> = 3 and
.
The probability mass function of a Binomial distribution is:

Compute the probability of selecting less than 2 red balls in 3 draws as follows:
P (R < 2) = P (R = 0) + P (R = 1)

Thus, the probability that fewer than 2 of the selected balls are red given that exactly 2 of the selected balls are yellow is 0.7840.