Simulation: Identity Theft The U.S. Department of Justice examined all reported cases of identity theft for U.S.
Question:
Simulation: Identity Theft The U.S. Department of Justice examined all reported cases of identity theft for U.S. residents aged 16 or older. Their data show that of all the reported incidents of identity theft in a recent year, 40% involved existing credit card accounts. You are to design a simulation of seven reported identity thefts showing which ones involve existing credit card accounts and which ones do not.
How would you assign the random digits 0 through 9 to the two categories “Does” and “Does not” involve existing credit card accounts? Use your random-digit assignment and the random-number table to generate the results from a random sample of seven identity thefts. If you do the simulation again, do you expect to get exactly the same results?
AppendixLO1
Step by Step Answer:
Understandable Statistics Concepts And Methods
ISBN: 9780357719176
13th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase