Probability that the second ball drawn is numbered
Balls are drawn (one at a time) from an urn containing 50 balls numbered from 1 to 50. The ball is kept if it is numbered 1, and returned to the urn otherwise. What is the probability that the second ball drawn is numbered 1?
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Discuss currency exchange rate movements during the second half of 2008. Did the U.S dollar strengthen or weaken versus major currencies such as, British pounch, Euro, Australian dollar, and Yen? Discuss reasons for this movement.
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