Question
Bag A contains x red balls and 6 blue balls. Bag B
contains 5 red balls and 4 blue balls. One ball is drawn at random from Bag A and placed into Bag B. Then one ball is drawn at random from Bag B. If the probability that the ball drawn from Bag B is red equals 27/50, find the value of x.Solution
ATQ, Total balls in Bag A = x + 6. Total balls in Bag B initially = 9. Case 1: A red ball is transferred from A. Probability of picking red from A = x/(x + 6). Then Bag B will have 6 red and 4 blue (10 balls total). Probability of then drawing red from B = 6/10 = 3/5. Case 2: A blue ball is transferred from A. Probability of picking blue from A = 6/(x + 6). Then Bag B will have 5 red and 5 blue (10 balls total). Probability of then drawing red from B = 5/10 = 1/2. Total probability (P) of drawing red from B: P = [x/(x + 6)] Γ (3/5) + [6/(x + 6)] Γ (1/2). Given P = 27/50: [x/(x + 6)] Γ 3/5 + [6/(x + 6)] Γ 1/2 = 27/50 Take common denominator (x + 6): (1/(x + 6)) [ (3x)/5 + 3 ] = 27/50 β (3x/5 + 3) / (x + 6) = 27/50 Multiply both sides by (x + 6): 3x/5 + 3 = 27/50 (x + 6) Multiply both sides by 50: 50(3x/5 + 3) = 27(x + 6) 10(3x + 5 Γ 3)? Careful: 3x/5 + 3 = (3x + 15)/5 50 Γ (3x + 15)/5 = 10(3x + 15) = 30x + 150. Right side: 27(x + 6) = 27x + 162. So: 30x + 150 = 27x + 162 3x = 12 x = 4. Answer: x = 4 (Bag A has 4 red and 6 blue balls).
For the 2 variables x and y with the same mean, the regression equation are y = 5x+b and x=7y +c. Calculate b/c
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
A bag contains 8 Black and 4 White balls. 10 balls were randomly selected from the Bag. What is the probability that out of the 10 balls selected at ran...
Among the following production functions which one is having increasing returns to scale
A rational decision maker does which of the following?Β
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
I = 200 − 10...
What is the effective tariff rate on the commodity, when no imported inputs are used?
Suppose the relationship between Y and two explanatory variables in true model is Yi = 5+2.4X1i-3.5X2i + ei . What is the value of beta(1) in the regres...
Find regression coefficient of y on x (byx) if correlation coefficient between x and y values is 0.75 and standard deviation of x and y are 5 and 6.4 re...