Two Chips Are Drawn at Random and Without Replacement from a Bag

question 185

Essay

Two chips are drawn at random and without replacement from a bag containing two blue
chips and two red chips. Events A and B are defined as follows.
A: {Both chips are the same color}
B: {At least one of the chips is blue}
Are A and B independent events? Explain.

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Definitions:

Borrowers

are individuals, companies, or entities that take out loans from lenders with the obligation of repaying the borrowed amount plus interest or other charges.

Lenders

Individuals, institutions, or entities that provide financial resources to borrowers under agreed terms for repayment with interest.

Inflation

The tempo with which the broad level of prices for services and goods lifts, diminishing the power of purchase.

Real Value

The value of an object, service, or currency adjusted for inflation, representing its purchasing power.