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You prefer to use credit cards instead of cash, but the new anomaly detection technology is far from foolproof - it makes one false detection
- You prefer to use credit cards instead of cash, but the new anomaly detection technology is far from foolproof - it makes one false detection for every nine purchases made by swiping your card. You expect to make three purchases today. Assume that each purchase is an independent event.
- (2 pts)What is the probability of zero false detections?
- (2 pts)Under the same assumptions, what is the probability ofat leastonepurchase triggering false detections?
- (7 pts)Let X be the number of false detections (X = 0, 1, 2, or 3) and assume that you make three purchases using your credit card.Create a probability distribution for X (Hint: Draw a tree diagram to calculate the probabilities for each value of X. Show how you arrived at these probabilities. Present the probability distribution)Note: you may hand-draw the tree diagram for this question. For this question, please round your answers to the fourth decimal point.
- (2 pts)What is the probability of gettingat mostone false detection?
- (2 pts)What is the mean of X?
- (3 pts)What is the standard deviation of X?
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