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...

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