Question
The local automobile dealers in the Upper Valley released the results of a survey which revealed that 53% of all cars sold last month were
The local automobile dealers in the Upper Valley released the results of a survey which revealed that 53% of all cars sold last month were purchase with an extended warranty, 27% were All Wheel Drive (AWD), and 15% had both and extended warranty and AWD.
- What is the probability one of these cars selected at random had neither an extended warranty nor AWD? (10 points)
- What is the probability that a car had an AWD vehicle unprotected by an extended warranty? (10 points)
- What is the probability a car with an extended warranty was an AWD vehicle? (10 points)
- Is having an AWD vehicle with an extended warranty a mutually exclusive event? Explain (10 points)
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
