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    62. A company that manufactures video cameras... If you learn that a randomly selected purchaser has an extended warranty, how likely is it that he or she has a basic model?

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    © BrainMass Inc. brainmass.com November 30, 2021, 12:25 am ad1c9bdddf
    https://brainmass.com/statistics/statistics-extended-warranty-40993

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    P(basic model) = 0.4
    P(purchase warranty | basic model) = 0.3
    P(purchase warranty | deluxe model) = 0.5
    Question is P(basic model | purchase warranty ) = ?

    we know from:
    P(purchase warranty | ...

    Solution Summary

    This problem looks at how likely an event is given another event.

    $2.49

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