Suppose I have an urn with 9 balls: 4 green, 3 yellow and 2 white ones. I draw a ball from the urn repeatedly with replacement.
(a) Suppose I draw n times. Let X., be the number of times I saw a green ball followed by a yellow ball. Calculate the expectation Ex, (b) Let y be the number of times I drew a green ball before the first white draw. Calculate E[Y]. Can you give an intuitive explanation for your answer
Answer:$143.84Step-by-step explanation:Given the following question:Initial price of the chair was $124....Marked up 16% (which means the price has increased by 16%)Find the new price of the chair...In order to find the answer, we find 16% of a given number in till it equals 124 which was the initial price.16% of 143.84 is 124143.84 is already rounded to the nearest centWhich means the new price of the chair is "$143.84"