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Warranty Type Out of Warran 320 243 563 Standard 292 207 499 Extended 46 156 202

ID: 3074672 • Letter: W

Question

Warranty Type Out of Warran 320 243 563 Standard 292 207 499 Extended 46 156 202 658 606 1264 US Manufactured not US Here's the hypothetical: AAA performed a survey of its customers from which they received 1264 responses. They might offer some auto-repair warranty services, and the data will help them to determine what kind of products they might offer their customers. However, for us, we're interested in the probability of finding a customer who has any one of a variety of different options. For our purposes, we will assume that the data represents either a customer's only car, or the car they primarily drive. With this in mind, answer the questions below by appropriately selecting each applicable data cell in the above table. Start by first freezing the cells along Row 6 (see PA H2 on Blackboard) Report ALL probabilities as a percentage to one decimal place What is the probability that a randomly-selected person in the data pool has a car that: Was manufactured in the US? Answer Here Has an extended warranty? Answer Here- Use these three cells' values (by selecting each cell directly) to determine this cell's value (see PA) Was manufactured in the US and has an extended warranty? Answer Here Was manufactured in the US or has an extended warranty? Answer Here Was not manufactured in the US but still has some form of warranty? Answer Here Has a standard warranty given that it was manufactured in the US? Answer Here Was manufactured in the US glven that it has a standard warranty? Answer Here Has some form of current warranty given that it was foreign manufactured? Answer Here Was not manufactured in the US given that it has some form of current warranty? Answer Here-> Has no existing warranty? Answer Here

Explanation / Answer

a)
probability of an event /= number of favourable events/ total number of events
P(manufactured in US) = 658/1264

b)
has an extended warranty
= 202/1264

c)
manufactured in US and has an extended warranty
= 46/1264

d)
manufactured in US or has an extended warranty
= (658 + 206 - 46)/1264
= 818/1264

e) was not manufactured in US but still has some form of warranty
= (207 + 156)/1264
=363/1264
f)
has standard warranty given that it was manufactured in US
= 292 / 658

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We have to solve only 4 sub parts , i solved 6