The Option to Buy Extended Warranties Is Commonplace with Most

question 19

Multiple Choice

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

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Definitions:

Tumor

Tissue that becomes an abnormal lump due to cells dividing more than necessary or not dying as they should.

Myositis

Inflammation of the muscles that can cause weakness and swelling.

Muscle Tissue

A tissue composed of cells or fibers, the function of which is to produce force and cause motion, either locomotion or movement within internal organs.

Inflammation

A biological response to harmful stimuli, characterized by redness, swelling, heat, and pain.