What is 1 2/3 times 2 3/5
2 answers:
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Answer:
Written out the equation would look like f(x) = 55(1.06)^x
The graph would look something like the attached picture. (It intercepts with the y-axis at 55).
Answer:
The probability that there are 2 or more fraudulent online retail orders in the sample is 0.483.
Step-by-step explanation:
We can model this with a binomial random variable, with sample size n=20 and probability of success p=0.08.
The probability of k online retail orders that turn out to be fraudulent in the sample is:
We have to calculate the probability that 2 or more online retail orders that turn out to be fraudulent. This can be calculated as:
The probability that there are 2 or more fraudulent online retail orders in the sample is 0.483.