Problem

through (c) below. \begin{tabular}{c|c|c} \hline & Purchased Gum & Kept the Money \\ \hline Students Given Four Quarters & 26 & 16 \\ \hline Students Given a \$1 Bill & 15 & 28 \\ \hline \end{tabular} a. Find the probability of randomly selecting a student who spent the money, given that the student was given four quarters. The probability is 0.619 . (Round to three decimal places as needed.) b. Find the probability of randomly selecting a student who kept the money, given that the student was given four quarters. The probability is (Round to three decimal places as needed.)

Solution

Step 1 :The problem is asking for the conditional probability of a student keeping the money given that the student was given four quarters. From the table, we can see that the total number of students given four quarters is 26 + 16 = 42.

Step 2 :Out of these 42 students, 16 students kept the money.

Step 3 :Therefore, the probability of a student keeping the money given that they were given four quarters is calculated as \(\frac{16}{42}\).

Step 4 :Using a calculator, we find that \(\frac{16}{42}\) is approximately 0.38095238095238093.

Step 5 :Rounding to three decimal places, we get 0.381.

Step 6 :Final Answer: The probability of randomly selecting a student who kept the money, given that the student was given four quarters is approximately \(\boxed{0.381}\).

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Source: https://solvelyapp.com/problems/16660/

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