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. Use the Poisson probability tables to answer the following questions. What is the probability that during the next month in the city of Memphis
a. no one reports the loss or theft of his or her 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.
a. 0.0498
b. 0.0000
c. 0.0504
d. 0.0038
e. 3
f. 1.73
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