Mathematics, 14.02.2020 04:10 ravenalionna115
Five Cs Bank issues credit cards to its customers. In the past 3.4% of the out-of-state nonfraudulent credit card transactions were made at gasoline stations and 9.2% of the out-of-state fraudulent credit card transactions were made at gasoline stations. Based on historical transactions 97.7% of out-of-state credit card transactions are legitimate while the rest of its out-of-state credit card transactions are fraudulent. An out-of-state credit card transaction took place at a gasoline station, what is the probability the transaction is fraudulent?
Answers: 1
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Five Cs Bank issues credit cards to its customers. In the past 3.4% of the out-of-state nonfraudulen...
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