Profit and Loss Questions: A drawer holds 4 red hats and 4 blue hats. What

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A drawer holds 4 red hats and 4 blue hats. What is the probability of getting exactly three red hats or exactly three blue hats...

Solution

The probability of picking 3 blue hats out of the drawer with replacement is = (4/8)3The probability of picking a red hat out of the drawer with replacement is = (4/8)The probability of picking 3 blue hats and one red hat out of the drawer with replacement is =...