Question

Mr. lock performed and honesty experiment in which he pretended to pick up either a one dollar bill or $100 bill off the ground near and i’m expecting individual and then headed out to them asking if they dropped it. the value of the pound money was randomly determined by a prior coin toss. at the end of the experiment he compared the proportion of people who claim the money as their own. what conclusions can be drawn from?

a. People are more likely to claim a $100 bill.
b. The value of the found money had no effect on claims.
c. A formal coin toss determined the money's value.
d. People are equally likely to claim either bill.

Answer 1

The experiment aims to determine if the value of money affects peoples' likelihood of falsely claiming it. Without results, no definitive conclusion can be drawn, but generally, the study investigates the relationship between the value of found money and honesty.

Step-by-step explanation:

Based on the description of Mr. Lock's honesty experiment, conclusions can't be drawn definitively without seeing the actual data and results. However, the design of the experiment suggests an interest in comparing the proportion of people who claim money that isn't theirs under different conditions (a one dollar bill versus a $100 bill). The random assignment of the bill's value by a coin toss is meant to eliminate any bias in which bill gets picked up. The objective would be to see if the value of the found money influences whether people will falsely claim it. If, for example, a significantly higher proportion of people claim the $100 bill, this might suggest that people are more likely to claim more valuable found money as their own. Conversely, if there's no significant difference in the proportion of claims between the two bill values, one might conclude that the value of the money had no effect on claims, suggesting that people are equally likely to claim either bill.