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?
Please see attached.© BrainMass Inc. brainmass.com March 4, 2021, 6:20 pm ad1c9bdddf
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 | ...
This problem looks at how likely an event is given another event.