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Two balls are randomly chosen from an urn containing 8 white, 4 black, and two orange balls. Suppose that we win PHP 2.00 for each black ball...
Two balls are randomly chosen from an urn containing 8 white, 4 black, and two orange balls. Suppose that we win PHP 2.00 for each black ball selected and we lose PHP 1.00 for each white ball selected. Let X denotes our winnings. What are the possible values of X, and what are the probabilities associated with each value?