Question:Suppose Sony sells a warranty on one of its products. They find the
probability that a...
Question
Suppose Sony sells a warranty on one of its products. They find the
probability that a...
Suppose Sony sells a warranty on one of its products. They find the
probability that a warranty holder files an accidental damage claim
is 15%. The probability they file a claim on the battery is 35%.
Each warrentt holder can only file up to one of each type of claim
and file types independently of each other. Develop a table to help
solve the problem.
a) What is the probability that a warranty holder makes a
claim on their warranty? Assume filing an accidental damage claim
is independent of filing a battery claim.
b) GIVEN that we know someone files a battery claim, how
likely are they to file an accidental claim?