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Online Bankers an Official from the Securities Commission Estimates That

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Essay

Online Bankers An official from the securities commission estimates that 75% of all online bankers have profited from the use of insider information. Assume that 15 online bankers are selected at random from the commission's registry. {Online Bankers Narrative} Find the probability that at least 6 have profited from insider information.


Definitions:

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.

Credit Reporting

The process by which companies called credit bureaus collect, maintain, and provide information about an individual's or company's credit history.

Consumer Product Safety Act

A federal law aimed at protecting consumers from unsafe products, establishing guidelines and standards for product manufacture and sale.

Product Safety

Involves regulations and standards designed to ensure goods and services are safe for consumer use and do not cause harm.

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