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c . Are events A and B independent? 2 2 . Fraud detection has become an indispensable tool for banks and credit card companies to

c. Are events A and B independent?
22. Fraud detection has become an indispensable tool for banks and credit card companies to combat fraudulent credit card transactions. A fraud detection firm raises an alarm on 5% of all transactions and on 80% of fraudulent transactions. What is the probability that the transaction is fraudulent if the firm raises an alarm? Assume that 1% of all transactions are fraudulent.
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