Consider the Following to Answer the Question(s) Below

question 20

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.
-Which of the following statements is true?

• A) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are independent.
• B) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are mutually exclusive.
• C) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are disjoint events.
• D) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are not independent.
• E) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are related.

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Definitions:

Average Starting Salary

The mean initial compensation that individuals receive when they start a new job, typically used as a benchmark in job offer negotiations.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.

Normally Distributed

A descriptor for a type of statistical distribution that is symmetric around its mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Average Starting Salary

The median initial compensation received by employees in their first position post-graduation or certification.