Question
Past records indicate that the probability of online retail orders that turn out to be fraudulent is 0.05. Supposethat, on a givenday, 23 online retail
Past records indicate that the probability of online retail orders that turn out to be fraudulent is 0.05. Supposethat, on a givenday, 23 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.
a. What are the mean and standard deviation of the number of online retail orders that turn out to befraudulent?
The mean number of online retail orders that turn out to be fraudulent is
nothing
.
(Type an integer or a decimal. Round to four decimal places asneeded.)
The standard deviation of the number of fraudulent retail orders is
nothing
.
(Type an integer or a decimal. Round to three decimal places asneeded.)
b. What is the probability that zero online retail orders will turn out to befraudulent?
nothing
(Type an integer or a decimal. Round to four decimal places asneeded.)
c. What is the probability that one online retail order will turn out to befraudulent?
nothing
(Type an integer or a decimal. Round to four decimal places asneeded.)
d. What is the probability that two or more online retail orders will turn out to befraudulent?
nothing
(Type an integer or a decimal. Round to four decimal places asneeded.)
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