Question

4) It has been known that 18% of victims of financial fraud know the perpetrator of the fraud

personally. If a sample of 156 people were victims of fraud, what is the mean number of those
victims that know the perpetrator of the fraud personally?

Answer 1

If 18% of victims of financial fraud know the perpetrator of the fraud personally, and a sample of 156 people were victims of fraud, we can find the mean number of those victims that know the perpetrator by multiplying the sample size by the percentage. Therefore, the mean number of victims that know the perpetrator is 156 x 0.18 = 28.08. However, since we cannot have a fraction of a person, we can round the answer to the nearest whole number. Therefore, the mean number of victims that know the perpetrator is 28.