What is the probability that if we draw a ball one more time


Problem

Consider m + 1 boxes with the kth box containing k red balls and m - k white balls, where k ranges from 0 to m. We choose a box at random (all boxes are equally likely) and then choose a ball at random from that box, n successive times (the ball drawn is replaced each time, and a new ball is selected independently). Suppose a red ball was drawn each of the n times. What is the probability that if we draw a ball one more time it will be red? Estimate this probability for large m.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Econometrics: What is the probability that if we draw a ball one more time
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