There Are Two Gumball Machines Outside the Local Grocery Store

question 53

Multiple Choice

There are two gumball machines outside the local grocery store, one large machine and one small machine. Both machines have only yellow and orange gumballs, and each machine contains 50 percent of each color. For each coin, the large gumball machine dispenses 15 gumballs, while the small machine dispenses 5. Tim is a young genius whose interests include probability and sound decision-making. His "probability project of the day" is to get a greater percentage of either of the colors, but not an equal amount of each color. Given this, and presuming Tim has only one coin,

• A) he should use his coin in the large machine.
• B) he should use his coin in the small machine.
• C) it doesn't make a difference which machine he uses.
• D) he should wait for other people to use the machines and see what they get.

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Definitions:

Inelastic Supply

Describes a situation where the quantity supplied of a good or service is relatively unresponsive to changes in its price.

Consumers Of Food

Individuals or entities that ingest food products for nourishment and energy.

Excise Tax

A tax imposed on specific goods, such as tobacco and alcohol, typically gauged per unit.

Downward-Sloping Demand

The typical relationship between price and quantity demanded, indicating that as price decreases, demand usually increases.