An experiment with 26 students in an Israeli classroom consisted of giving everyone a lottery ticket and then later asking if they would be willing to exchange their ticket for another one, plus a small monetary incentive.

Only 7 students agreed to the exchange. In a separate experiment, 31 students were given a new pen and then later asked to exchange it for another pen and a small monetary incentive. All 31 agreed.13 Conduct inferential statistical methods to analyze the data. Summarize your analyses and interpretations in a short report.