A large bag contains 1200 red marbles and 2001 blue marbles. Joe and Lisa will play a game in which they draw a single marble from the bag with replacement. For every game they will bet $35. Lisa wins the money if the marble is red and Jow wins if it's blue. If they play this game for 7 straigth days at an average rate of one game per every 10 seconds, who should win money and exactly how much should he/she expect to win?
I have a data management test tomorrow((
I dunno if that's going to help but it's binomial distribution and we're suposed to use this formula
I tried to solve it and the best solution I came up with is
sorry it's not 2001 blue marbles, it's 1201. sorry about the typo
I'm not sure if it's right thou