Past records indicate that the probability of online retail orders that turn out to be fraudulent is 0.08. Suppose that, on a given day, 18 online retail orders are placed. Assume that the number of online retail ordersthat 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 1.4400.(Type an integer or a decimal. Round to four decimal places as needed,)Instructor tipThe standard deviation of the number of fraudulent retail orders is 1.151(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?Use =BINOM.DIST function in Excel for parts b), c), and d).0.2229 (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?0.3489 (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.)CloseView instructor tipP Type here to search412 PM3/24/202266°F144esc&1+ backsoace2$4.8.%236.3.YWEIttabJ.KLashed

Let p = probability of being fraudulent. Given that p = 0.08 Let X denote the number of fraudulent…

Answered: d. What is the probability that two or…

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d. What is the probability that two or more online retail orders will turn out to be fraudulent?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.4: Distributions Of Data

Problem 19PFA

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Question

Past records indicate that the probability of online retail orders that turn out to be fraudulent is 0.08. 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 1.4400.
(Type an integer or a decimal. Round to four decimal places as needed,)
Instructor tip
The standard deviation of the number of fraudulent retail orders is 1.151
(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?
Use =BINOM.DIST function in Excel for parts b), c), and d).
0.2229 (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?
0.3489 (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.)
Close
View instructor tip
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412 PM
3/24/2022
66°F
144
esc
&
1+ backsoace
2$
4.
8.
%23
6.
3.
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J.
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