There are 5 blue chips and 3 yellow chips in a bag. One chip is drawn from the bag. That chip is placed back into the bag. A second chip is then drawn. What is the probability that the two selected chips are of different colors? Express your answer as a common fraction.
We know there is a 3/8 chance of drawing one color and 5/8 another, if the problem wants the chips to be different colors, we just multiply the two chances 3/8 x 5/8, we get 15/64 or simplified. Hope this helps, whymenotsmart^m^