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A. What is the probability that a customer who bought an item at the regular price purchased the extended warrant Probability = B. What is the probability that a customer buys an extended warranty? Probability =

A. What is the probability that a customer who bought an item at the regular price purchased the extended warrant Probability = B. What is the probability that a customer buys an extended warranty? Probability =

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The owner of an appliance store is interested in the relationship between the price at which an item is sold (reqular or sale price) and the customer's decision on whether to purchase and extended warranty After analyzing her records, she produced the following joint probabilities: Did not purchase extended warranty extended warranty Purchased Regular Price 0.23 0,53 Sale Price 0.1 0.14 A. What is the probability that a customer who bought an item at the regular price purchased the extended warranty? Probability = B. What is the probability that a customer buys an extended warranty? Probability =
Transcribed Image Text:The owner of an appliance store is interested in the relationship between the price at which an item is sold (reqular or sale price) and the customer's decision on whether to purchase and extended warranty After analyzing her records, she produced the following joint probabilities: Did not purchase extended warranty extended warranty Purchased Regular Price 0.23 0,53 Sale Price 0.1 0.14 A. What is the probability that a customer who bought an item at the regular price purchased the extended warranty? Probability = B. What is the probability that a customer buys an extended warranty? Probability =
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