Problem: There are 20 marbles in a jar. Seven of the marbles are red and the remainder are blue.
Required:
a. If I select 5 marbles without replacement, what is the probability that exactly 3 of the marbles are blue?
b. What is the expected value of the number of blue marbles in this case?
c. What is the variance in this case?
d. If I select 5 marbles with replacement, what is the probability that exactly 3 of the marbles are Blue?
e. What is the expected value of the number of blue marbles in this case?
f. What is the variance in this case?