4.6 Credit monitoring.
In a recent study of consumers, 25% reported purchasing a credit-monitoring product that alerts them to any activity on their credit report. Suppose you want to use a physical device to simulate the outcome of a consumer purchasing the credit-monitoring product versus the outcome of the consumer not purchasing the product. Describe how you could use two fair coins to conduct a simulation experiment to mimic consumer behavior. In particular, what outcomes of the two flipped coins would you associate with purchasing the product versus what outcomes would you associate with not purchasing the product?