Denomination Effect
In Exercises 13–16, use the data in the following table. In an experiment to study the effects of using four quarters versus a $1 bill, some college students were given four quarters and others were given a $1 bill, and they could either keep the money or spend it on gum. The results are summarized in the table (based on data from “The Denomination Effect,” by Priya Raghubir and Joydeep Srivastava, Journal of Consumer Research, Vol. 36).





Denomination Effect


a. Find the probability of randomly selecting a student who kept the money, given that the student was given four quarters.

Births in Vietnam In Vietnam, the probability of a baby being a boy is 0.526 (based on the data available at this writing). For a family having four children, find the following.

b. The probability that all four children are girls.

Denomination Effect

In Exercises 13–16, use the data in the following table. In an experiment to study the effects of using four quarters versus a $1 bill, some college students were given four quarters and others were given a $1 bill, and they could either keep the money or spend it on gum. The results are summarized in the table (based on data from “The Denomination Effect,” by Priya Raghubir and Joydeep Srivastava, Journal of Consumer Research, Vol. 36).

Denomination Effect

b. Find the probability of randomly selecting a student who kept the money, given that the student was given four quarters.

Denomination Effect

In Exercises 13–16, use the data in the following table. In an experiment to study the effects of using four quarters versus a $1 bill, some college students were given four quarters and others were given a $1 bill, and they could either keep the money or spend it on gum. The results are summarized in the table (based on data from “The Denomination Effect,” by Priya Raghubir and Joydeep Srivastava, Journal of Consumer Research, Vol. 36).

Denomination Effect

a. Find the probability of randomly selecting a student who spent the money, given that the student was given a $1 bill.

Denomination Effect

In Exercises 13–16, use the data in the following table. In an experiment to study the effects of using four quarters versus a $1 bill, some college students were given four quarters and others were given a $1 bill, and they could either keep the money or spend it on gum. The results are summarized in the table (based on data from “The Denomination Effect,” by Priya Raghubir and Joydeep Srivastava, Journal of Consumer Research, Vol. 36).

Denomination Effect

a. Find the probability of randomly selecting a student who spent the money, given that the student was given four quarters.

In Exercises 17–20, refer to the accompanying table showing results from experiments conducted by researchers Charles R. Honts (Boise State University) and Gordon H. Barland (Department of Defense Polygraph Institute). In each case, it was known whether or not the subject lied, so the table indicates when the polygraph (lie detector) test was correct.

False Negative Find the probability of selecting a subject with a negative polygraph result, given that the subject lied. What would be an unfavorable consequence of this error?

Language: Complement of “At Least One” Let A=the event of getting at least one defective calculator when four are randomly selected with replacement from a batch. Write a statement describing event A

Blue Eyes Assume that 35% of us have blue eyes (based on a study by Dr. P. Soria at Indiana University).

b. Find the value of P(B_bar).

Redundancy in Computer Hard Drives The Seagate ST8000NM0055 hard drive has a 1.22% rate of failures in a year (based on data from Backblaze, Inc.). For the following, assume that all hard drives are that Seagate model.

a. If all of your computer data are stored on a hard disk drive with a copy stored on a second hard disk drive, what is the probability that during a year, you can avoid catastrophe with at least one working drive? Express the result with six decimal places.