Only 002% of Credit Card Holders of a Company Report the the Loss

question 100

Essay

Only 0.02% of credit card holders of a company report the loss or theft of their credit cards each month. The company has 15,000 credit cards in the city of Memphis. What is the probability that during the next month in the city of Memphis
a. no one reports the loss or theft of their credit cards?
b. every credit card is lost or stolen?
c. six people report the loss or theft of their cards?
d. at least nine people report the loss or theft of their cards?
e. Determine the expected number of reported lost or stolen credit cards.
f. Determine the standard deviation for the number of reported lost or stolen cards.

---

Definitions:

Omniscience

The attribute of having complete or unlimited knowledge, awareness, or understanding; perceiving all things.

Public Opinion

The collective attitudes or beliefs of the public about issues, events, or personalities.

Insula

In ancient Roman architecture, a multi-story apartment building that housed the urban population of cities like Rome.

Basilica

In Roman architecture, a public building for legal and other civic proceedings, rectangular in plan, with an entrance usually on a long side. In Christian architecture, a church somewhat resembling the Roman basilica, usually entered from one end and with an apse at the other.