Five Cs Bank issues credit cards to its customers. In the past 3.4% of the out-of-state nonfraudulent credit card transactions were made at gasoline stations and 9.2% of the out-of-state fraudulent credit card transactions were made at gasoline stations. Based on historical transactions 97.7% of out-of-state credit card transactions are legitimate while the rest of its out-of-state credit card transactions are fraudulent. An out-of-state credit card transaction took place at a gasoline station, what is the probability the transaction is fraudulent?

0.0838 (8.62%)

Step-by-step explanation:

defining the event G= an out-of-state transaction took place in a gasoline station , then the probability is

P(G) = probability that the transaction is fraudulent * probability that took place in a gasoline station given that is fraudulent + probability that the transaction is not fraudulent * probability that took place in a gasoline station given that is not fraudulent =  0.033 * 0.092 + 0.977 * 0.034 = 0.0362

then we use the theorem of Bayes for conditional probability. Defining also the event F= the transaction is fraudulent  , then

P(F/G)=P(F∩G)/P(G) =  0.033 * 0.092 /0.0362 =  0.0838 (8.62%)

where

P(F∩G)= probability that the transaction is fraudulent and took place in a gasoline station

P(F/G)= probability that the transaction is fraudulent given that it took place in a gasoline station

Step-by-step explanation:

To find what is the probability the transaction is fraudulent = P(F|C)

From application of baye's rule ;

P(F|C) = P(F) P(C|F) / P(F) P(C|F) + P(G) P(C|G)

= 0.092 X 0.023 / 0.023 X 0.092 + 0.097 X 0.034

= 0.0599 is the probability the transaction is fraudulent

option 3 . (5x + 1) - (-10x + 6)

step-by-step explanation:

option 1 :

(4x + 3) + (-9x + 4)

or 4x+3 -9x + 4

or -5x + 7

option 2

(x - 2) - (6x - 9)

or x-2-6x + 9

or -5x + 7

option 3

(5x+ + 6)

or 5x + 1 + 10x -6

or 15x -5

option 4

-4x+2x+7-3x

-7x + 2x + 7

-5x + 7

hence only option 3 did   not satisfy the given simplify expression.