Question

Two balls are chosen randomly from an urn containing 8 white, 4 black, and 2 orange balls. Suppose that we win $2 for each black ball selected and we lose $1 for each white ball selected. Let X denote our winnings (where negative values are possible). Determine the possible values for X, then determine the probability mass function for X.

Answer 1

Answer:

The objective of the problem is obtained below:

From the information, an urn consists of, 4 black, 2 orange balls and 8 white.

The person loses $1 for each white ball selected, no money is lost or gained for any orange balls picked and win $2 for each black ball selected. Let the random variable X denotes the winnings.

No winnings probability= 0.011

Probability of winning $1=0.3516

Probability of winning $2= 0.0879

Probability of winning $4= 0.0659