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.
-The probability that a consumer purchases a digital camera and an extended warranty is
A) 0.07.
B) 0.42.
C) 0.58.
D) 0.17.
E) 0.83.

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. 
-The probability that a consumer purchases a digital camera and an extended warranty is
A) 0.07. 
B) 0.42. 
C) 0.58. 
D) 0.17. 
E) 0.83.

Quizplus · Accepted Answer

The Answer is A

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