Consider the following to answer the question(s) below:
The option to buy extended warranties is commonplace with most electronics purchases. 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.
-Of those who bought a digital camera, the percentage who purchased the warranty is
A) 41.67% (30/72)
B) 17.14% (72/420)
C) 7.14% (30/420)
D) 41.14% (72/175)
E) none of the above

Question

Consider the following to answer the question(s) below:
The option to buy extended warranties is commonplace with most electronics purchases. 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. 
-Of those who bought a digital camera, the percentage who purchased the warranty is
A) 41.67% (30/72) 
B) 17.14% (72/420) 
C) 7.14% (30/420) 
D) 41.14% (72/175) 
E) none of the above

Quizplus · Accepted Answer

The percentage of those who bought a digital camera and also purchased the warranty is calculated by dividing the number of people who bought the warranty (30) by the number of people who bought a digital camera (72), resulting in 41.67%.

Consider the Following to Answer the Question(s) Below