Question

A country conducts a study on new cars within the first 90 days of use. The...

A country conducts a study on new cars within the first 90 days of use. The cars have been categorized according to whether the car needs a​ warranty-based repair​ (yes or​ no) and the​ car's origin​ (domestic or​ foreign). Based on the data​ collected, the probability that the new car needs warranty repair is 0.14, the probability that the car was manufactured by a domestic company is 0.62,and the probability that the new car needs a warranty repair and was manufactured by a domestic company is 0.032. Construct a contingency table to evaluate the probabilities of a​ warranty-related repair. Complete parts​ (a) through​ (e). (round to 3 decimal places if necessary) a. What is the probability that a new car selected at random does not need a warranty ​repair? b. What is the probability that a new car selected at random does not need a warranty repair and was manufactured by a domestic​ company? c. What is the probability that a new car selected at random needs a warranty repair or was manufactured by a domestic ​company? d. What is the probability that a new car selected at random needs a warranty repair or was made by a foreign​ company? e. Given that the car was made by a foreign company, what is the probability of the car needs a warranty repair?

Homework Answers

Answer #1

from above:

domestic Foreign total
yes 0.032 0.108 0.14
no 0.588 0.272 0.86
total 0.62 0.38 1

a) probability that a new car selected at random does not need a warranty ​repair =1-0.14 =0.86

b_)

probability that a new car selected at random does not need a warranty repair and was manufactured by a domestic​ company =0.588

c)

probability that a new car selected at random needs a warranty repair or was manufactured by a domestic ​company =0.032+0.108+0.588 =0.728

d) probability that a new car selected at random needs a warranty repair or was made by a foreign​ company =0.032+0.108+0.272 =0.412

e)

Given that the car was made by a foreign company, what is the probability of the car needs a warranty repair =0.108/0.38 =0.284

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A country conducts a study on new cars within the first 90 days of use. The...
A country conducts a study on new cars within the first 90 days of use. The cars have been categorized according to whether the car needs a​ warranty-based repair​ (yes or​ no) and the​ car's origin​ (domestic or​ foreign). Based on the data​ collected, the probability that the new car needs warranty repair is 0.06 comma 0.06, the probability that the car was manufactured by a domestic company is 0.75 comma 0.75, and the probability that the new car needs...
The Acme Car Company claims that no more than 8% of its new cars have a...
The Acme Car Company claims that no more than 8% of its new cars have a manufacturing defect. A quality control inspector randomly selects 300 new cars and finds that 33 have a defect. Should she reject the “8% or less” claim using 1PropZTest? Assume a significance level of 0.05. Select one: a. Yes, because the p-value is 0.016 b. Yes, because the p-value is 0.028 c. No, because the p-value is 0.16 d. No, because the p-value is 0.28...
After interviewing a sample of 100 residents of New Taipei City, you find that the mean...
After interviewing a sample of 100 residents of New Taipei City, you find that the mean AGE of the sample respondents is 35 years with a standard deviation of 5.0, and that AGE seems fairly normally distributed. However, you are told that the average age of New Taipei City is less than 37 years ten years ago. Based on your sample data, you need to test whether the true average age of all New Taipei City residents is still less...
Question 1 2 pts Let x represent the height of first graders in a class. This...
Question 1 2 pts Let x represent the height of first graders in a class. This would be considered what type of variable: Nonsensical Lagging Continuous Discrete Flag this Question Question 2 2 pts Let x represent the height of corn in Oklahoma. This would be considered what type of variable: Discrete Inferential Distributed Continuous Flag this Question Question 3 2 pts Consider the following table. Age Group Frequency 18-29 9831 30-39 7845 40-49 6869 50-59 6323 60-69 5410 70...
:  Infiniti decided to use Formula One car racing (F1) sponsorship to increase their brand awareness.  Top management...
:  Infiniti decided to use Formula One car racing (F1) sponsorship to increase their brand awareness.  Top management at Infinity knew upfront that increasing market share in a global market would not be easy, especially in a highly competitive market segment such as luxury cars.  Infiniti decided to embark on an aggressive global growth strategy driven by new products, market expansion and a globally consistent brand image.  It created a marketing strategy aimed to improve awareness of the brand and highlight the superiority of...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
1. The failure of the new supply chain system affected Nike adversely. What were the reasons...
1. The failure of the new supply chain system affected Nike adversely. What were the reasons for the failure and how did the breakdown harm Nike? 2. What are the important elements to be kept in mind while implementing a new system in an organization? What is the importance of a good working relationship between partners and the sharing of responsibility in implementing critical projects? What mistakes did Nike and i2 make? 3. comment on the lessons learned and the...
Do all the following problems. I. Choose the best answer for each multiple choice. Please use...
Do all the following problems. I. Choose the best answer for each multiple choice. Please use CAPITAL letters to indicate your answer and write neatly. (30 points) 1. ____ 4.____ 7. ____ 10.____ 13. ____ 2. ____ 5.____ 8. ____ 11.____ 14. ____ 3. ____ 6.____ 9. ____ 12.____ 15. ____ Whenever the population standard deviation is unknown and the population has a normal or near-normal distribution, which distribution is used in developing an interval estimation? A. standard distribution B....
What are the biggest challenges Costco will experience in trying to expand globally? Costco Wholesale Corporation...
What are the biggest challenges Costco will experience in trying to expand globally? Costco Wholesale Corporation is an American membership-only warehouse club selling a large range of products. The company opened its first warehouse in 1983 and currently is the second largest retailer in the U.S.—Walmart is number one. Costco, however, is the largest membership warehouse club chain in the U.S. Costco operates about 700 warehouses across the U.S. and abroad. As of November 2015, the company had international locations...
Mattel Responds to Ethical Challenges Business Ethics This case was written by Debbie Thorne, John Fraedrich,...
Mattel Responds to Ethical Challenges Business Ethics This case was written by Debbie Thorne, John Fraedrich, O. C. Ferrell, and Jennifer Jackson, with the editorial assistance of Jennifer Sawayda. This case was developed for classroom discussion rather than to illustrate either effective or ineffective handling of an administrative, ethical, or legal discussion by management. All sources used for this case were obtained through publicly available material. Mattel, Inc. is a world leader in the design, manufacture, and marketing of family...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT