Step 1: Calculate the total number of pens in the box.
Total pens = 4 (green) + 8 (blue) + 3 (red) = 15 pens
Step 2: Calculate the probability of picking a red pen in a single draw.
P(Red) = Number of red pens / Total number of pens = 3/15 = 1/5
Step 3: Calculate the probability of not picking a red pen in a single draw.
P(Not Red) = 1 - P(Red) = 1 - 1/5 = 4/5
Step 4: Calculate the probability of not picking a red pen in three consecutive draws (with replacement).
Since the pen is replaced each time, the draws are independent events.
P(Not Red in 3 draws) = (4/5) * (4/5) * (4/5) = (4/5)3 = 64/125
Step 5: Calculate the probability of picking at least one red pen in three draws.
This is the complement of not picking any red pens in three draws.
P(At least one Red) = 1 - P(Not Red in 3 draws) = 1 - 64/125 = (125 - 64) / 125 = 61/125
Correct Answer: \(\frac{61}{125}\)
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