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The Option to Buy Extended Warranties Is Commonplace with Most

Question 19

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The option to buy extended warranties is commonplace with most electronics purchases.But does the type of purchase affect a consumer's willingness to pay extra for an extended warranty? Data for 420 consumers who purchased digital cameras and laptop computers from a leading electronics retailer are summarized in the table.The probability that a consumer does not purchase an extended warranty is _______________ .
The option to buy extended warranties is commonplace with most electronics purchases.But does the type of purchase affect a consumer's willingness to pay extra for an extended warranty? Data for 420 consumers who purchased digital cameras and laptop computers from a leading electronics retailer are summarized in the table.The probability that a consumer does not purchase an extended warranty is _______________ .   A) .07 B) .42 C) .58 D) .17 E) .83


A) .07
B) .42
C) .58
D) .17
E) .83

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