Define standard of living and summarize in your own words the relationship between standard of living, cost of living, and stage
1 answer:
You might be interested in
Answer:
The probability of selecting the color of ball that you just selected(a red ball) is
Step-by-step explanation:
From the question we are told that
The total number of colored balls is n = 10
The number of red balls is r = 2 red
The number of white ball is w = 4
The number of blue balls is b = 4
The number of balls to be selected is N = 2 balls
The cost of playing picking a ball is c = $10
The winnings is
Here P(A) is the probability of obtaining the exact sequence of result and from the question it is P(A) = 0.10
Generally my price according to the question is
=>
Let assume we selected a red ball
Generally the probability of selecting a red ball is mathematically represented as