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Randomly selected purchaser has an extended warranty

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A company that manufactures video cameras produces a basic model and a deluxe model. Over the past year, 37% of the cameras sold have been of the basic model. Of those buying the basic model, 37% purchase an extended warranty, whereas 47% 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: EM132844832

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