Consider the Following to Answer the Question(s) Below

question 15

Multiple Choice

Consider the following to answer the question(s) below:
The option to buy extended warranties is commonplace with most electronics purchases. 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) 0.07.
• B) 0.42.
• C) 0.58.
• D) 0.17.
• E) 0.83.

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Definitions:

Holographic Will

A will entirely handwritten, signed, and dated by the person making it, often without the presence of witnesses.

Testator

A person who makes a will.

Heirs

Individuals legally entitled to inherit a deceased person's property or title.

Escheats

This refers to the state's right to take ownership of property if the owner dies without a will and without heirs.