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What is the probability that a randomly selected purchaser

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Reference no: EM132422294

Problem: A company that manufacture video cameras produce a basic model and deluxe model. 40% of cameras sold have been the basic model. of the basic model, 30% buy an extended warranty. 50% of all purchasers of the deluxe model buy an extended warranty.

Required:

Question 1: What is the probability that a randomly selected purchaser bought a basic model and chose not to buy a warranty?

Question 2: What is the probability that a randomly selected purchaser bought an extended warranty?

Question 3: A randomly selected purchaser bought an extended warranty. Given that he bought an extended warranty, whats the probability that he bought the deluxe model?

Reference no: EM132422294

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