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

Answer 1

To use the statistical model \( y = 1 + 0.02x \) to estimate how many credit card charges are fraudulent from a total of 200 charges, we need to substitute \( x \) with 200.

\[ y = 1 + 0.02(200) \]

Calculating the expression:

\[ y = 1 + 0.02 \times 200 \] \[ y = 1 + 4 \] \[ y = 5 \]

Thus, the estimated number of fraudulent credit card charges out of 200 charges is 5.