A bag has 30 Red, 25 Blue, 25 Black, 20 Green clips and without seeing you can take out as many clips at Rs.22 per clip. If your color comes you will get money Which color will you select to make money?
Answers
Answered by
5
Answer:
To choose any clip, I will first find the probabilities of all clips to come out.
There are total = 30 + 25 + 25 + 20 = 100 clips
Probability of red clip = 30/100
= 0.3
Probability of blue clip =
25/100
= 0.25
Probability of black clip =
25/100
= 0.25
Probability of green clip =
20/100
= 0.2
So, the most probable of all is red clip among all.
So, I will choose Red Clip as it has more chances of coming out.
To check,
sum of all probabilities should be equal to 1
0.3 + 0.25 + 0.25 + 0.2 = 1
Similar questions