# Applied statistics for business and economics

posted by .

Only 0.02% of credit card holders of a company report the loss or theft of their credit cards each month. The company has 15,000 credit cards in the city of Memphis. Use the Poisson probability tables to answer the following questions. What is the probability that during the next month in the city of Memphis

a. no one reports the loss or theft of their credit cards?
b. every credit card is lost or stolen?
c. six people report the loss or theft of their credit cards?
d. at least nine people report the loss or theft of their cards?
e. Determine the expected number of reported lost or stolen credit cards.
f. Determine the standard deviation of the number of reported lost or stolen cards.

• Applied statistics for business and economics -

a. 0.9998
b. 0.0002
c. 0.0504
d. 0.0224
e. 3 cards
f. 1.731877594 (rounded 1.7319)

• Applied statistics for business and economics -

I apologize, 3 of the above answers are not correct.

* a. 0.0498
* b. 0.0000
c. correct
* d. 0.0038
e. correct
f. correct

• Applied statistics for business and economics -

Only 0.02% of credit card holders of a company report the loss or theft of their credit cards each month. The company has 15,000 credit cards in the city of Memphis. What is the probability that during the next month in the city of Memphis

## Similar Questions

1. ### Credit Cards

the credit card company will: -charge interest on remaining bill -send u another bill -ur credit card will be cancelled -add montly fee If u don't pay ur entire balance each month. I chose 1st one, is it correct?
2. ### com/155

Describe your experience with credit and credit cards in a brief paragraph using at least five adverbs and five adjectives in your description. can you let me know if my paragraph is correct. My experience with credit has taught me …

4. ### com155

Having a credit card could get someone into much trouble if it is not used responsibly. I personally have nightmares when it concerns credit cards. I do not like paying interest on something when it is not necessary. I learned how …
5. ### english

Please help me identify the adjectives and adverbs in this: My experiences with credit and credit card started at age 18. I had several credit cards by the time I was in my mid-twenties. I did not realize that I over extended myself …
6. ### com

Can you please identify the adverbs and adjectives in the following paragraph. Having credit cards could get some people into serious debt. I had a credit card at one time. I learned the hard way about using credit cards. I was using …