Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 2 - Section 2.1 - Assess Your Understanding - Vocabulary and Skill Building - Page 74: 10a

Answer

$5\%$ of identity theft was loan fraud.

Work Step by Step

First, we need to locate the 'loan fraud' bar and approximate its length corresponding to which value of relative frequency. The 'loan fraud' bar reaches the $0.05$ line value of relative frequency. This means the relative frequency of 'loan fraud' in all identity theft types is 0.05, or in percentage, $5\%$.
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