Step 1 :We are given $P(G) = 0.4$, $P(S) = 0.5$, and $P(G \text{ and } S) = 0.3$. We need to find $P(S \mid G)$ using the conditional probability formula: $P(S \mid G) = \frac{P(S \text{ and } G)}{P(G)}$
Step 2 :Plugging in the given values, we get $P(S \mid G) = \frac{0.3}{0.4} = 0.75$. So, the probability of drawing a striped chip given it is green is \(\boxed{0.75}\)