Chances

(from an old "Problem of the Week")

You have two bags, and you put a ping-pong ball in each marking one secretly with an X before you do so.   I take two plain, unmarked balls and insert one into each bag.   I pick a bag at random, shake it vigorously and offer it to you.   You reach in without looking and pull out a ball.   It has no X on it.   What are the chances that the ball marked with an X is in that bag?