Use Conditional Probability. -The Option to Buy Extended Warranties Is Commonplace with Most

question 6

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

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