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Probability and Statistics er Session II 2021/MAT 105/E3 / Assessments / Quiz 2 The option to buy extended warranties is commonplace with most electronics purchases.

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Probability and Statistics er Session II 2021/MAT 105/E3 / Assessments / Quiz 2 The option to buy extended warranties is commonplace with most electronics purchases. But does the type of purchase affect a consumer's willingness to pay extra for an extended warranty? Data for 420 consumers who purchased big screen TVs and laptop computers from a leading electronics retailer are summarized in the table. Purchased Warranty? Yes No Total Big Screen TV 30 42 72 Laptop Computer 145 203 348 Total 175 245 420 What is the probability that a consumer purchases an extended warranty

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