1. Math
  2. Statistics And Probability
  3. software to detect fraud in consumer phone cards tracks the...

Question: software to detect fraud in consumer phone cards tracks the...

Question details

Software to detect fraud in consumer phone cards tracks the number of metropolitan areas where calls originate each day. It is found that 3% of the legitimate users originate calls from two or more metropolitan areas in a single day. However, 30% of fraudulent users originate calls from two or more metropolitan areas in a single day. The proportion of fraudulent users is 0.0198%. If the same user originates calls from two or more metropolitan areas in a single day, what is the probability that the user is fraudulent? Round your answer to six decimal places (e.g. 98.765432).

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution