1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
uysha [10]
3 years ago
13

The owner of an appliance store is interested in the relationship between the price at which an item is sold (regular or sale pr

ice) and the customer's decision on whether to purchase and extended warranty. After analyzing her records, she produced the following joint probabilities:
Purchased Did not purchase extended warranty extended warranty Regular Price Sale Price 0.24 0.14 0.56 0.0599999999999999

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

B. What is the probability that a customer buys an extended warranty?
Mathematics
1 answer:
blagie [28]3 years ago
4 0

Answer:

A. P(R ∩ W)= 0.24

B. P(W)= 0.38

Step-by-step explanation:

Hello!

                Purchased (W)                         Did not purchase  (NW)

<u>               extendend warranty                extendend warranty            </u>

Regular            0.24                                            0.56

<u>Price (R)                                                                                                     </u>

Sale                  0.14                                    0.0599999999999999

<u>Price (S)                                                                 ≅ 0.06                               </u>

<u />

The owner whats to know if there is a relationship between the price of a sod item ( regular; sale) and the decision of buying an extended warranty. The contingency table above shows the results of the probabilities she produced after analyzing her records.

A. What id the probability that a customer who bought an item at the regular price (R) purchased the extended warranty (W)?

The asked probability is an intersection between "regular price" and "purchased the warranty", symbolically:

P(R ∩ W)= 0.24

The probability is in the table.

B. What is the probability that a customer buys an extended warranty?

To calculate the probability you have to take into account all possible outcomes that include purchasing an extended warranty, in this case, is "regular price + extended warranty" and "sales price + warranty" it is the total of the firs column:

P(W) = 0.24 + 0.14= 0.38

I hope it helps!

You might be interested in
Solve for n or d27/36=n/4
Vlada [557]
27/36 = n/4
27*4 = 36n
108 = 36n
108/36 = 36n/36
n = 3
5 0
3 years ago
Lucy offers to play the following game with Charlie: "Let us show dimes to each other, each choosing either heads or tails. If w
Darya [45]

Answer:

(a)Charlie is right

(b)$0

Step-by-step explanation:

(a)A game is said to be a fair game when the probability of winning is equal to the probability of losing. Mathematically, a game is said to be fair when the expected value is zero.

In the game, the possible outcomes are: HH, HT, TH and TT.

Charlie wins when the outcome is HH, TT

  • P(Charlie Wins)=2/4
  • P(Charlie Losses)=2/4

Lucy wins when the outcome is HT or TH

  • P(Lucy Wins)=2/4
  • P(Lucy Losses)=2/4

Therefore, the game is fair. Charlie is right.

(b)

If the outcome is HH, Lucy pays $3.

If the outcome is HT or TH, Lucy gets $2.

If the outcome is TT, Lucy pays $1.

The probability distribution of Lucy's profit is given below:

\left|\begin{array}{c|c|c|c}$Profit(x)&-\$3&-\$1&\$2\\P(x)&1/4&1/4&2/4\end{array}\right|

Expected Profit

=(-3 \times \frac14)+(-1\times \frac14)+(2 \times \frac24)\\=$0

Lucy's expected profit from the game is $0.

7 0
3 years ago
What relationship is represented by the graph
frutty [35]

Answer:

the third one

Step-by-step explanation:

area of a circle vs. it's diameter

6 0
1 year ago
Write 72xy^2? as a prime factorization. Show all of your work!​
kolezko [41]

9514 1404 393

Answer:

  2³·3²·x·y²

Step-by-step explanation:

Unique prime factors are 2, 3, x, y. Each of those is raised to a power to obtain the given expression.

  72xy² = 8·9·x·y² = 2³·3²·x·y²

6 0
3 years ago
2.
mihalych1998 [28]
Answer:
False

Explanation:
No, a triangle cannot be constructed with sides of 2 in., 3 in., and 6 in.

For three line segments to be able to form any triangle you must be able to take any two sides, add their length and this sum be greater than the remaining side.
3 0
2 years ago
Read 2 more answers
Other questions:
  • 4   ?
    11·1 answer
  • What is the range of the function y = StartRoot x + 5 EndRoot?
    5·2 answers
  • Write the point slope form of the line that passes through (-8,2) and is parallel to a line with a slope of
    13·1 answer
  • Solve the equation. Then check your solution.
    8·2 answers
  • A rectangle with length of 10 feet and width 6 feet. A diagonal cuts the rectangle into two halves. One of the triangular halves
    13·2 answers
  • Jamie ran the first 2000 meters in 6 minutes. At that rate, how long would it take Jaime to run 5000 meters?
    6·1 answer
  • Kylie is selling gift bags and wrapping paper for a school fundraiser. Mrs. Jones orders 4 gift bags and 3 rolls of wrapping pap
    15·2 answers
  • Help me guysssssssssssssssss :D
    13·2 answers
  • Round to the nearest hundredth
    7·1 answer
  • Find the solution set of the inequality <br><br> 4x-1&lt;11
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!