A credit card company monitors cardholder transaction hab activity for a customer in a month follows a normal distribut Round your intermediate calculations and final answers to f a) What is the probability of $250 to $ 303 in unusual activ P = i b) What is the probability of more than $ 303 in unusual act

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Chapter1: Combinatorial Analysis
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A credit card company monitors cardholder transaction habits to detect any unusual activity. Suppose that the dollar value of unusua
activity for a customer in a month follows a normal distribution with mean $250 and variance $2 385.
Round your intermediate calculations and final answers to four decimal places (e.g. 98.7654).
(a) What is the probability of $250 to $ 303 in unusual activity in a month?
P = i
(b) What is the probability of more than $ 303 in unusual activity in a month?
P = i
(c) Suppose that 10 customer accounts independently follow the same normal distribution. What is the probability that at least one o
these customers exceeds $ 303 in unusual activity in a month?
P =
i
Transcribed Image Text:A credit card company monitors cardholder transaction habits to detect any unusual activity. Suppose that the dollar value of unusua activity for a customer in a month follows a normal distribution with mean $250 and variance $2 385. Round your intermediate calculations and final answers to four decimal places (e.g. 98.7654). (a) What is the probability of $250 to $ 303 in unusual activity in a month? P = i (b) What is the probability of more than $ 303 in unusual activity in a month? P = i (c) Suppose that 10 customer accounts independently follow the same normal distribution. What is the probability that at least one o these customers exceeds $ 303 in unusual activity in a month? P = i
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