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The probability a randomly selected LGA refrigerator is at least one year old and no longer works is 0.480.
What is the probability?
Probability refers to a possibility that deals with the occurrence of random events. The probability of all the events occurring need to be 1.
P(E) = Number of favorable outcomes / total number of outcomes
A particular manufacturer of refrigerators has come under fire as their $1,700 LGA model has failed for a significant portion of owners.
The LGA model often failed approximately 1-2 years after purchase, which is outside the warranty period.
The data is given
Age of the LGA Refrigerator
Less than 1 year 1 to 2 yew More than 2 Total
Working No 51 255 1 2 63 20 315 525
So, (165+315) / 1000
= 0.480
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