Unusual spending pattern that should be verified


A company issues credit cards and uses software to detect fraud. After tracking the spending habits of one consumer, it was found that charges over $100 constitute 30.2% of the credit transactions. Among 41 charges made this month, 14 involve totals over $100. Does this constitute an unusual spending pattern that should be verified?

a) no because this spending pattern is highly unlikely

b) no because this spending patter is not highly unlikely

c) yes because this spending pattern is not highly unlikely

d) yes because this spending pattern is highly unlikelya

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Basic Statistics: Unusual spending pattern that should be verified
Reference No:- TGS0842982

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