Question: Credit card companies will often call cardholders if the pattern of use indicates that the card might have been stolen. Lets say that you charge
Credit card companies will often call cardholders if the pattern of use indicates that the card might have been stolen. Let’s say that you charge an average of $280 a month on your credit card, with a standard deviation of
$75. The credit card company will call you anytime your purchases for the month exceed the 98th percentile. What is the dollar amount beyond which you’ll get a call from your credit card company
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