A company that manufactures video cameras produces a basic

Reference no: EM13626495

A company that manufactures video cameras produces a basic model and a deluxe model. Over the past year, 30% of the cameras sold have been of the basic model. Of those buying the basic model, 31% purchase an extended warranty, whereas 50% of all deluxe purchasers do so. If you learn that a randomly selected purchaser has an extended warranty, how likely is it that he or she has a basic model? (Round your answer to four decimal places.)

Reference no: EM13626495

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