How can simple interest make saving money easier? a. Because it is simple, you have to do fewer calculations than if you saved m
1 answer:
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Answer:
a)
b)
c) A. A student given a $1 bill is more likely to have kept the money.
Because the probability 0.659 is atmoslt two times greater than 0.341
Step-by-step explanation:
Assuming the following table:
Purchased Gum Kept the Money Total
Students Given 4 Quarters 25 14 39
Students Given $1 Bill 15 29 44
Total 40 43 83
a. find the probability of randomly selecting a student who spent the money, given that the student was given a $1 bill.
For this case let's define the following events
B= "student was given $1 Bill"
A="The student spent the money"
For this case we want this conditional probability:
We have that
And if we replace we got:
b. find the probability of randomly selecting a student who kept the money, given that the student was given a $1 bill.
For this case let's define the following events
B= "student was given $1 Bill"
A="The student kept the money"
For this case we want this conditional probability:
We have that
And if we replace we got:
c. what do the preceding results suggest?
For this case the best solution is:
A. A student given a $1 bill is more likely to have kept the money.
Because the probability 0.659 is atmoslt two times greater than 0.341