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26 Oct 2021

Given information

Three professors at George Washington University did an experiment to determine if economists are more selfish
than other people. They dropped  stamped, addressed envelopes with cash in different classrooms on the George
Washington campus.    were returned overall. From the economics classes  of the envelopes were returned. From
the business, psychology, and history classes   were returned.
Let: = money returned;  = economics classes;  other classes.

Step-by-step explanation

Step 1.

The two events and are independent if below three conditions are satisfied.

,

,

.

Let  be the money returned, and

 be the economic classes.

 the other classes.

Now, check .

It is evident that,

,

.

Therefore, .

Hence, based upon this study, we cannot say that economists are more selfish than other people.

     

    

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Introductory Statistics
OER Edition, 2013
Openstax
ISBN: 9781938168208

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