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:

Outliers

Data points that significantly differ from the others in a data set.

Range

The difference between the highest and lowest values in a dataset.

Range

The difference between the highest and lowest values in a set of data, indicating the spread of values.

Mathematical Difference

The result of subtracting one quantity from another.