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Consider a family that plans to have a total of three children; assuming that they will not have any twins, generate the sample space, Ω, for the possible outcomes. By de?ning the random variable, X as the total number of female children born to this family, obtain the corresponding random variable space, V . Given that this particular family is genetically predisposed to having boys, with a probability, p = 0.75 of giving birth to a boy, obtain the probability that this family will have three boys and compare it to the probability of having other combinations.

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Category:- Basic Finance
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