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(Solved): 2. Suppose that you just attempted to use your credit card at the grocery store and the transaction ...



2. Suppose that you just attempted to use your credit card at the grocery store and the transaction didn’t go through. You already know that whenever a credit card is cancelled by the bank, no transactions using that card will go through. What other specific statistical information would you need in order to determine how probable it is that your credit card has been cancelled, given that this attempted transaction didn’t go through?



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