Past records indicate that the probability of online retail orders that turn out to be fraudulent is 0.07. Suppose that, on a given day, 18 online retail orders are placed. Assume that the number of...


Past records indicate that the probability of online retail orders that turn out to be fraudulent is 0.07. Suppose that, on a given day, 18 online retail orders are placed. Assume that the number of online retail orders<br>that turn out to be fraudulent is distributed as a binomial random variable. Complete parts (a) through (d) below.<br>The mean number of online retail orders that turn out to be fraudulent is 1.2600.<br>(Type an integer or a decimal. Round to four decimal places as needed.)<br>The standard deviation of the number of fraudulent retail orders is 0.2708<br>(Type an integer or a decimal. Round to three decimal places as needed.)<br>b. What is the probability that zero online retail orders will turn out to be fraudulent?<br>0.3669 (Type an integer or a decimal. Round to four decimal places as needed.)<br>c. What is the probability that one online retail order will turn out to be fraudulent?<br>(Type an integer or a decimal. Round to four decimal places as needed.)<br>d. What is the probability that two or more online retail orders will turn out to be fraudulent?<br>(Type an integer or a decimal. Round to four decimal places as needed.)<br>View instructor tip<br>Help me solve this<br>Get more help -<br>Submit quiz<br>939 PM<br>P Type here to search<br>70°F<br>3/7/2022<br>144<br>CDI<br>%23<br>7<br>4<br>R T<br>Y<br>W<br>LA<br>S.<br>

Extracted text: Past records indicate that the probability of online retail orders that turn out to be fraudulent is 0.07. Suppose that, on a given day, 18 online retail orders are placed. Assume that the number of online retail orders that turn out to be fraudulent is distributed as a binomial random variable. Complete parts (a) through (d) below. The mean number of online retail orders that turn out to be fraudulent is 1.2600. (Type an integer or a decimal. Round to four decimal places as needed.) The standard deviation of the number of fraudulent retail orders is 0.2708 (Type an integer or a decimal. Round to three decimal places as needed.) b. What is the probability that zero online retail orders will turn out to be fraudulent? 0.3669 (Type an integer or a decimal. Round to four decimal places as needed.) c. What is the probability that one online retail order will turn out to be fraudulent? (Type an integer or a decimal. Round to four decimal places as needed.) d. What is the probability that two or more online retail orders will turn out to be fraudulent? (Type an integer or a decimal. Round to four decimal places as needed.) View instructor tip Help me solve this Get more help - Submit quiz 939 PM P Type here to search 70°F 3/7/2022 144 CDI %23 7 4 R T Y W LA S.

Jun 09, 2022
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