Past records indicate that the probability of online retail orders that turn out to be fraudulent is 0.08. Suppose that, on a given day, 20 online retail orders are placed. Assume that the number of online retail orders that turn out to be fraudulent is distributed as a binomial random variable, what is the probability that two or more online retail orders will turn out to be fraudulent

The probability that there are 2 or more fraudulent online retail orders in the sample is 0.483.

Step-by-step explanation:

We can model this with a binomial random variable, with sample size n=20 and probability of success p=0.08.

The probability of k online retail orders that turn out to be fraudulent in the sample is:

We have to calculate the probability that 2 or more online retail orders that turn out to be fraudulent. This can be calculated as:

The probability that there are 2 or more fraudulent online retail orders in the sample is 0.483.

false

step-by-step explanation:

the meaning of changing is to edit or make something different.

but transmitting means cause (something) to pass on from one place or person to another.

there 2 different things

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