Consider the following to answer the question(s) below:
The option to buy extended warranties is commonplace with most electronics purchases. Does the type of purchase affect a consumer's willingness to pay extra for an extended warranty? Data for 420 consumers who purchased digital cameras and laptop computers from a leading electronics retailer are summarized in the table.
-Which of the following statements is true?
A) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are independent.
B) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are mutually exclusive.
C) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are disjoint events.
D) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are not independent.
E) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are related.

Question

Consider the following to answer the question(s) below:
The option to buy extended warranties is commonplace with most electronics purchases. Does the type of purchase affect a consumer's willingness to pay extra for an extended warranty? Data for 420 consumers who purchased digital cameras and laptop computers from a leading electronics retailer are summarized in the table. 
-Which of the following statements is true?
A) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are independent. 
B) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are mutually exclusive. 
C) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are disjoint events. 
D) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are not independent. 
E) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are related.

Quizplus · Accepted Answer

The Answer of Consider the following to answer the question(s) below:
The option to buy extended warranties is commonplace with most electronics purchases. Does the type of purchase affect a consumer's willingness to pay extra for an extended warranty? Data for 420 consumers who purchased digital cameras and laptop computers from a leading electronics retailer are summarized in the table. 
-Which of the following statements is true?
A) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are independent. 
B) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are mutually exclusive. 
C) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are disjoint events. 
D) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are not independent. 
E) The decision to purchase an extended warranty and the type of electronics (digital camera or laptop computer) purchased are related.

Consider the Following to Answer the Question(s) Below