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A credit card company has found that 0.1% of all transactions are fraudulent. It has developed a computer program that correctly identifies whether a transaction is fraudulent or not 99% of the time. If the program scans 5,000,000 transactions, about how many of them will it identify as fraudulent?

A) 4949
B) 4950
C) 4951
D) 4952

User Hyrial
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1 Answer

4 votes
The answer is B (4950)
User RMWChaos
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