Each year, ratings concerning the performance of new cars during the first 90 days of use are compiled. Suppose that the cars have been categorized according to whether a car needs warrantyrelated repair (yes or no) and the country in which the company manufacturing a car is based (domestic or foreign). Based on the data collected, the probability that a new car needs a warranty repair is 0.08, the probability that a car was manufactured by a domestic company is 0.55, and the probability that a new car needs a warranty repair and was manufactured by a domestic company is 0.009.
Construct a contingency table to evaluate the probabilities of a warranty-related repair. What is the probability that a new car selected at random:
1) needs a warranty repair?
2) needs a warranty repair and was manufactured by a domestic company?
3) needs a warranty repair or was manufactured by a domestic company?
4) needs a warranty repair or was not manufactured by a domestic company?
Each year, ratings concerning the performance of new cars during the first 90 days of use are compiled. Suppose that the cars have been categorized according to whether a car needs warrantyrelated rep...
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 0.09, the probability that the car was manufactured by a domestic company is 0.73, and the probability that the new car needs a warranty repair and...
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 cars origin (domestic or foreign) Based on the data collected, the probability that the new car needs warranty repair is 0.13, the probability that the car was manufactured by a domestic company is 0.51, and the probability that the new car needs a warranty repair and...
SELF 4.24 What business and technical skills are critical Test for today's business intelligence/analytics and infor- mation management professionals? As part of InformationWeek's 2013 U.S. IT Salary Survey, business intelligence/analytics and information management professionals, both staff and managers were asked to indicate what business and technical skills are criti- cal to their job. The list of business and technical skills included Analyzing Data. The following table summarizes the responses to this skill: k. ity the hat PROFESSIONAL POSITION act- Management...