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Answer the questions below using the link https://www.ftc.gov/system/files/documents/reports/consumer-sentinel-network-data-book-2017/consumer_sentinel_data_book_2017.pdf Your friend says the following: I don't really believe scams and fraud are things I need to

Answer the questions below using the link

https://www.ftc.gov/system/files/documents/reports/consumer-sentinel-network-data-book-2017/consumer_sentinel_data_book_2017.pdf

  1. Your friend says the following: "I don't really believe scams and fraud are things I need to worry about. I mean, no oneI knowhas ever said anything about being a victim." Using data frompage 5, what would you say in response and what specific data would you use to support your claim?

  1. Look at the data onpage 7for Top 10 Fraud Categories. You'll notice that these categories are organized by "# of reports". Which of the other three metrics (% Reporting $ Loss, Total $ Loss, Median $ Loss) do you think the data could be primarily categorized by? Explain your reasoning.
  2. What are the top 3 types of fraud categories if they were reranked by the metric you selected in question #2?

  1. Look at the data onpage 11. Why do you think that the most popular form of payment method for fraud is a wire transfer?

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