Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: Two major brands of flat screen TVs control 50% and 30% of the market, respectively. Other brands have the remaining 20% of the market. It is known that 10% of brand 1 TVs require warranty repair work, as do 20% of brand 2 and 25% of different brand TVs.

(a) Find the probability that the next flat screen TV purchased is a brand 1 TV which will need warranty repair work.

(b) Make a tree diagram for the experiment that records the brand of the next flat screen TV to be sold, and whether or not it will require warranty repair work, and mark the given probabilities on the different paths of the tree diagram.

(c) Use the tree diagram to find the probability that the next flat screen TV to be sold will need warranty repair work.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92576796
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

When a company founder sells stock to outside investors in

When a company founder sells stock to outside investors in order to raise? capital, the share of the company owned by the founder and the? founder's control over the company will be reduced.

On the production line the company finds that 956 of

On the production line the company finds that 95.6% of products are made correctly. You are responsible for quality control and take batches of 30 products from the line and test them. What number of the 30 being incorre ...

Show your work and solutionsnbspwhat is the npv of a

SHOW YOUR WORK AND SOLUTIONS  What is the NPV of a project that costs $15,000 and returns $25,000 annually for three years if the opportunity cost of capital is 14%?

Choose the correct problem formulation it is known that 70

Choose the correct problem formulation: It is known that 70% of the customers in a sporting goods store purchase a pair of running shoes. A random sample of 25 customers is selected. Assume that customers' purchases are ...

According to a research institution the average hotel price

According to a research? institution, the average hotel price in a certain year was ?$95.36. Assume the population standard deviation is ?$20.00 and that a random sample of 42 hotels was selected. a. Calculate the standa ...

Runzheimer international publishes business travel costs

Runzheimer International publishes business travel costs for various cities throughout the world. In particular, they publish per diem totals that represent the average costs for the typical business traveler, including ...

Assume that the box contains 12 balls 4 red 4 green and 4

Assume that the box contains 12 balls: 4 red, 4 green, and 4 blue. Two balls are drawn at random, one after the other without replacement. What is the probability that the first ball was blue, given that the second was r ...

What is the algebraic equation for the coefficient fo

What is the algebraic equation for the coefficient fo variations?

Someone reasons that when a coin is tossed there are three

Someone reasons that when a coin is tossed, there are three possible outcomes: it comes up heads or tails or it lands on it edge. With three outcomes on each toss, the fundamental counting rule suggests that there are ni ...

Jen and barry get sued by ben amp jerrys for trademark

Jen and Barry get sued by "Ben & Jerry's" for trademark infringement. Jen and Barry lose, and they need a LOT of money. They decide to play Tennetucky's "Mega-6" lottery. They'll win the jackpot if they correctly choose ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As