31. Detecting Credit Card Fraud The Dynamic Credit company issues credit cards and uses software to detect

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31. Detecting Credit Card Fraud The Dynamic Credit company issues credit cards and uses software to detect fraud. After tracking the spending habits of one consumer, it is found that charges over $100 constitute 35.8% of the credit transactions. Among 30 charges made this month, 18 involve totals that exceed $100. Does this constitute an unusual spending pattern that should be verified? Explain.

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Elementary Statistics

ISBN: 9780321331830

10th Edition

Authors: Mario F. Triola

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