Given:
0.1% of all transactions are fraudulent
99% correct identification whether a transaction is fraudulent or not.
Scanned 5,000,000 transactions.
5,000,000 x 0.1% = 5,000 fraudulent transactions.
For me, there are 5,000 fraudulent transactions. This is based on the 0.1% rather than the 99%. Because the problem clearly states that the 0.1% of ALL transaction is identified as fraudulent. The 99% of the computer program only deals with the correct identification of the transaction as either fraudulent or not. For me, it is not a clear measure of the true number of fraudulent transactions.
Answer:
x=6561
Step-by-step explanation:
We can solve this equation for x to get

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Below are the choices:
A) (2, 6)
<span>B) (4, 6) </span>
<span>C) (2, 5) </span>
<span>D) (4, 5)
</span>
The answer should be: (4, 5)
<span>E = (8, 8) -----> E' = (4, 4) = (8/2, 8/2)
</span><span>F = (8, 10) -----> F' = (8/2, 10/2) = (4, 5)</span>
Divide $7.80 by 3
gives you $2.6