A company that manufactures and sells consumer video cameras sells two versions of their popular hard-disk camera, a basic camera for $750, and a deluxe version for $1250. About 75% of customers select the basic camera. Of those, 60% purchase the extended warranty for an additional $200. Of the people who buy the deluxe version, 90% purchase the extended warranty. (a) What is the percentage of customers who buy an extended warranty? (b) If a customer purchases an extended warranty, what is the probability that he or she bought the deluxe version?

A company that manufactures and sells consumer video cameras sells two versions of their popular hard-disk camera, a basic camera for $750, and a deluxe version for $1250. About 75% of customers select the basic camera. Of those, 60% purchase the extended warranty for an additional $200. Of the people who buy the deluxe version, 90% purchase the extended warranty. (a) What is the percentage of customers who buy an extended warranty? (b) If a customer purchases an extended warranty, what is the probability that he or she bought the deluxe version?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

A national chain of department stores ranks its 1,250,000 salespeople by the monetary value of their sales. Goran's sales are at the 78th percentile. Lena's sales are at the 56th percentile. (a) Which of the following must be true about Goran's sales? Goran had sales lower in value than about 78% of the salespeople. The value of Goran's sales were about 78% of the chain's total. Goran had sales higher in value than about 78% of the salespeople. The value of Goran's sales were about 22% of the chain's total. (b) Which of the following must be true about Goran's and Lena's sales? Lena's sales were higher in value than Goran's sales. Both Goran and Lena had sales higher in value than the median. The value of Goran's sales were $2200 more than Lena's. The values of both Goran's and Lena's sales were in the bottom half of all of the salespeople.
A customer has paid a net amount of P21, 375 on all items he purchased in a store. If he was given a series of discount of 10% and 5%, what would be the selling price of all the items he bought?
Total spending in the US on lotteries in 2017 was about $75 billion. Given a US Population of 325 million of which 23% are under age 18, and the fact that about half of American adults play the lottery in any given year, about how much does the average American spend on lotteries each year?
Greg works as a carpenter. There is a 3 percent chance he loses a finger which they value at $200000. His job makes him $250000. What would the fair premium per $ for Greg to insure against losing his fingers be if his is risk adverse?
For a Saturday service, if the weather is sunny, you will take in $9,000; if the weather is cloudy, you will take in $2,000; if it is rainy, you will only take in $1,200. The weather is sunny 65% of the time, and cloudy 25% of the time. How much money do you expect to take in on any given Saturaday?
A hurricane caused $185,000 in damages to a building owned by Dreamscape Landscaping. The building was insured by several carriers for a total of $420,000 and all coinsurance requirements were met. If Erie Insurance Group is providing $84,000 of the total coverage, what is their share of the loss (in $)? $ Need Help? Read It Watch It Master It
You are the catering manager for an upscale hotel. Last Saturday your staff catered a wedding reception in the main ballroom, during which 273 chicken dinners, 63 steak dinners, and 84 fish dinners were served. All dinners are the same price. The hotel charges "per person" for catered events. (a) What percent of the total meals served was each type of dinner? chicken= ? % steak = ? % fish=? % (b) If $23,100 was charged for all the meals, how much revenue (in $) did each type produce? chicken$ = steak$ = fish$ = (c) If a 20% price increase goes into effect next month, what will be the new price (in $) per meal? (d) When photographers, florists, DJs, bands, and other outside vendors are booked through your office for events at the hotel, an 8 1/2% "finder's fee" is charged. Last year, $195,000 of such services were booked. How much (in $) did the hotel make on this service? (e) If your boss is expecting $20,400 in "finder's fee" revenue next year,…
A Life Insurance Company founded upon the Indian Experience Table has a thousand policies averaging $ 2,000 on lives at age 25. From the experience table, it is found that of 89,032 alive at age 25: 88,000 are alive at age 26. Find the upper and lower values of the amount that the company will have to pay out in insurance during the year.
An electrician is paid $1,420 in January; $1,560 in February; $1,672 in March; $1,878 in April; $1,925 in May; and $2,016 in June. What is the average monthly pay?
if you work for a non-profit and you want to (and its legal) to run your own lottery. Suppose you need to collect at least $25,000. Design a lottery to allow you to achieve your goal. HOw many tickets would you sell? How many prices ( and for how much ) would you have? How much would you charge per ticket?
A company's sales in Seattle were $390,000 in 2012, while their sales in Portland were $270,000 for the same year. Complete the following statements:a. Seattle's sales were % larger than Portland's.b. Portland sales were % smaller than Seattle's.c. Portland sales were % of Seattle's.Give answers accurate to at least one decimal place.
If a company has a total of 18,000,000 shares and an investor owns 14% of the company. How many shares do they own?