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On an Automated Teller Machine (ATM) Belonging to USA Bank

question 46

Essay

On an automated teller machine (ATM) belonging to USA Bank, Sven placed a card-skimming device to pull information from the magnetic strips of users' debit cards. The device then transmitted the stolen data to thieves who used it to gain access to, and empty, the bank accounts of the users, including Megan. Megan learned of the theft the next day and promptly notified USA. Is Megan entitled to a recredit of her account for most of the loss due to the theft? Explain.

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Definitions:

Case Study

An in-depth investigation of a single subject, group, event, or community over a period of time, used in various disciplines to gather detailed information.

Accurate Predictions

refers to forecasts or expectations that are precisely correct or very close to the actual outcomes or results.

Correlated Variables

Two variables that show a statistical relationship, where changes in one variable are associated with changes in the other.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables change together.

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