Consider the Following to Answer the Question(s) Below

question 29

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.
-Of the consumers who bought the extended warranty, what percentage purchased a digital camera?

• A) 41.67% (175/420)
• B) 7.14% (30/420)
• C) 17.14% (30/175)
• D) 82.86% (145/175)
• E) 71.43% (175/245)

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Definitions:

Practical Intelligence

Practical Intelligence implies the ability to solve everyday problems by utilizing knowledge gained from experience, as opposed to theoretical or abstract intelligence.

Racetrack Handicapper

A professional who evaluates horses' performance and potential in horse racing events, offering predictions or odds for bettors.

Taiwanese Chinese

Referring to the ethnic Chinese population from Taiwan, highlighting their unique cultural and social identity.

Interpersonal Intelligence

The ability to understand and interact effectively with others, involving sensitivity to the moods, feelings, temperaments, and motivations of people.