A researcher builds a statistical model to determine how many credit card charges are fraudulentUse the model y = 1 + 0.02x to estimate how many credit card charges are fraudulent out of 200 charges . (1 point )

Answer 1

To estimate how many credit card charges are fraudulent out of 200 charges, we would plug in the value of x=200 into the equation y=1+0.02x.

y = 1 + 0.02(200)
y = 1 + 4
y = 5

Based on the model, it is estimated that 5 out of 200 credit card charges are fraudulent.