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Three professors at George Washington University did an experiment to determine if economists are more selfish than other people. They dropped 64 stamped, addressed envelopes with $10\$ 10 cash in different classrooms on the George Washington campus. 44%44 \% were returned overall. From the economics classes 56%56 \% of the envelopes were returned. From the business, psychology, and history classes, 31%31 \% was returned.

Let: RR = money returned;

E=E= economics classes;

O=O= other classes

Based upon this study, do you think that economists are more selfish than other people? Explain why or why not. Include numbers to justify your answer.

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In this task, we need to explain whether economists are more selfish than other people. The given is that 33 professors experimented to determine if economists are more selfish than other people. They leave 6464 stamped, addressed envelopes with 10$10\$ in different classrooms on their campus. 44%44\% were returned overall. From the economics classes, 56%56\% of envelopes were returned, and 31%31\% from the business, psychology, and history classes were returned. The given are events:

  • RR - money returned;
  • EE - economics classes;
  • OO - other classes.

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