Multiple Choice
Use conditional probability.
-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 purchases an extended warranty given that he / she has
Purchased a digital camera is
A) .07
B) .42
C) .58
D) .17
E) .83
Correct Answer:

Verified
Correct Answer:
Verified
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