Question
In: Statistics and Probability
In an experiment, college students were given either fourquarters or a $1 bill and they...
In an experiment, college students were given either four quarters or a $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts (a) through (c) below.
Purchased Gum | Kept the Money | ||
|---|---|---|---|
Students Given Four Quarters | 3131 | 1515 | |
Students Given a $1 Bill | 1919 | 2828 |
a. Find the probability of randomly selecting a student who spent the money, given that the student was given four quarters.
The probability is
nothing.
b. Find the probability of randomly selecting a student who kept the money, given that the student was given four quarters.
The probability is
nothing.
c. What do the preceding results suggest?
Solutions
Expert Solution
a)
Probability = 3131 / 4646
=0.674
b)
Probability = 1515 / 4646
=0.326
c)
More Students have spent the money than kept given that the student was given four quarters.
Please revert back in case of any doubt.
Please upvote. Thanks in advance.
orchestra answered 1 year agoRelated Solutions
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