7. A bag contains 4 red and 2 blue balls, all of the same size. A ball is selected at random and removed from the bag. This is repeated until a blue ball is pulled out of the bag.
The random variable \(B\) is the number of balls that have been removed from the bag.
- Show that \(\mathrm { P } ( B = 2 ) = \frac { 4 } { 15 }\).
- Find the probability distribution of \(B\).
- Find \(\mathrm { E } ( B )\).
The bag and the same 6 balls are used in a game at a funfair. One ball is removed from the bag at a time and a contestant wins 50 pence if one of the first two balls picked out is blue.
- What are the expected winnings from playing this game once?
For \(\pounds 1\), a contestant gets to play the game three times.
- What is the expected profit or loss from the three games?