An Automobile Dealer Wishes to Investigate the Relation Between the Gender

question 44

Multiple Choice

An automobile dealer wishes to investigate the relation between the gender of the buyer and type of vehicle purchased.Based on the following joint probability table that was developed from the dealer's records for the previous year what is P(Female) ? __________.

• A)0.30
• B)0.40
• C)0.12
• D)0.10
• E)0.60

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Definitions:

Implied Warranty of Fitness

A legal assumption that a sold good or service is suitable for a particular purpose, as might reasonably be inferred by the buyer from the nature of the product or service.

Magnuson-Moss Warranty Act

A U.S. federal law established to protect consumers from deceptive warranty practices, ensuring warranties on consumer products are clear and fair.

Express Warranty

A statement by a seller about a product's condition or quality that forms part of the contractual obligation.

International Customs

Established practices and rules that govern the exchange of goods and services across national borders.