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Past records indicate that the probability of online orders that turn out to be fraudulent is 0.07. Suppose that, on a given
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Answer #1

This is a Binomial distribution with parameters:

n = 19, p = 0.07

Hence,

P(2 or more)

= 1 - P(Less than 2)

= 1 - binom.dist(1, 19, 0.07, True) [Excel Formula]

= 0.3879

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