Only 0.02% of credit cardholders of a company report the loss of their credit cards each month. The company has 15,000 credit cards in the city of Kuching. (a) What is the average number of reports of loss? (2 marks) (b) Calculate is the probability that during the next month in the city of Kuching where no one reports the loss or theft of his or her credit cards? (3 marks) (c) Calculate is the probability that during the next month in the city of Kuching where six people report the loss or theft of their cards?

Answer rating: 100% (QA)

lets tackle this credit card loss scenario a Average Number of Reports of Loss 1 Convert the loss rate into a decimal 002 002 100 00002 2 Calculate th... View the full answer