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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Definitions:

Survival And Reproduction

Fundamental biological processes where an organism maintains its existence and produces offspring.

Happy Child

A child experiencing a state of well-being, contentment, and joy, often resulting from secure attachment, emotional warmth, and fulfillment of needs.

Bodily Health

The overall physical well-being of a person, including fitness level, the absence of disease, and the condition of bodily functions.

Watson

Refers to John B. Watson, an American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.