Products are returned to stores for a variety reason. A recent study showed that 70% are for functionality (F) reason, 20% for cosmetic (C) reason, and the remaining for miscellaneous (M) reason. The probability that an item returned for functionality reason will be under warranty (W) is 0.5, while the probabilities that an item is returned for cosmetic or miscellaneous reasons will be under warranty are 0.6 and 0.5, respectively. If a warranted item is returned, what is the probability that it is for cosmetic reason?

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Answer Given PF 070 PC 020 So PM 1 07... View the full answer