Math  /  Probability

Question Experiment on college students given quarters or $1\$ 1 bill to keep or spend on gum. Find probabilities of spending or keeping the money and interpret the results.
a. Probability of spending $1\$ 1 bill: \square b. Probability of keeping $1\$ 1 bill: \square c. The results suggest: C. A student given a $1\$ 1 bill is more likely to have kept the money than a student given four quarters.

Studdy Solution
Therefore, the correct interpretation is option B: A student given a $1\$ 1 bill is more likely to have kept the money than to have spent the money.
The solution to the problem is:
a. The probability of randomly selecting a student who spent the money, given that the student was given a $1\$ 1 bill is 0.2830.283.
b. The probability of randomly selecting a student who kept the money, given that the student was given a $1\$ 1 bill is 0.7170.717.
c. The results suggest that a student given a $1\$ 1 bill is more likely to have kept the money than to have spent the money.

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