According to the report, Victims of Identity Theft (January 2019), published by the U.S. Department of Justice,
Question:
According to the report, Victims of Identity Theft (January 2019), published by the U.S. Department of Justice, about 26 million people were victims of identity theft over a recent year. This number represents 10% of all persons age 16 or older in the United States. Of these victims, 83% reported that the identity theft occurred from the unauthorized use of a credit card. Consider a randomly selected person of age 16 or older in the United States.
a. What is the probability that this person was a victim of identity theft?
b. What is the probability that this person was a victim of identity theft that occurred from the unauthorized use of a credit card?
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780136855354
14th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich