I am not sure what you are asking. The beeps come from a specific car speaker (or speakers) depending on where the object is in relation to the car, so you can hear the direction of the obstruction. The beeping cycles faster as the car gets closer to the object, until there is a solid tone if there is something almost touching the car. No, I have never gotten out to look just because I hear a beep/tone. I can tell when I am close or almost touching something (and I can tell the difference) just by the sound. It is a really elegant system. Don't know for certain the cost for the system as it was a factory option, and I bought the car used.
My point is that it is stupid/short-sighted to madate the video camera feature when it is not the greatest design, and there are other designs that are better. The video camera option encourages the driver to focus on a small screen, looking forward, rather than allowing the driver to look outside and see the bigger picture. You can easily focus on the image on the dash, and miss that you backed out into the path of the car comming from the side. If you are looking back and to the sides, the video is useless. In some applications (think box truck, panel van), I can see the video camera option as being useful. But to mandate it for all cars is silly.
We can debate whether to madate something to help the driver avoid wayward children when backing up. But if we are going to madate a system, the video camera isn't what I would mandate.