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.

Model exponential growth and decay in various scenarios including population and investment growth.

Analyze and solve real-world problems using exponential and logarithmic functions.

Interpret the results of exponential and logarithmic equations in the context of the problem.

Calculate principal amounts and investment balances in compounding interest scenarios.

---

Definitions:

Virtual Teams

Groups of individuals who work together from different geographic locations, connected by the internet and other technologies.

Videoconferencing

A technology that allows users in different locations to hold face-to-face meetings without having to move to a single location physically.

Organizational Performance

evaluates how effectively an organization meets its goals and objectives through the efficient use of resources.