Amelia lost her credit card one day while on vacation. She reported the loss to the credit card company the next day. However ,
someone had used her card to make purchases worth $1,600 at different shopping outlets. what is the maximum amount that Amelia may have to pay back for the fraudulent charges of 1,600 made on her card
Given that Amelia reported the loss before the fraudulent charges so Amelia will pay $0 because she immediately reported and the transaction was done after her report.
The probability is 1/2. Even if you flip heads 100 times in a row, you still have a 50/50 chance of flipping heads or tails. The probability does not change no matter how many times you flip a certain side.
