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Learn Challenge: Flag Suspicious Transactions | Automation and Fraud Detection in Banking
Python for Bankers

bookChallenge: Flag Suspicious Transactions

Task

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Given a DataFrame of transactions, your task is to flag suspicious transactions based on the amount column.

  • Calculate the mean of the amount column.
  • Calculate the standard deviation of the amount column.
  • Flag any transaction as suspicious if its amount is more than 2 standard deviations away from the mean.
  • Add a new column called suspicious to the DataFrame, where each value is True if the transaction is suspicious and False otherwise.
  • Return the updated DataFrame.

Solution

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SectionΒ 3. ChapterΒ 3
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bookChallenge: Flag Suspicious Transactions

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Task

Swipe to start coding

Given a DataFrame of transactions, your task is to flag suspicious transactions based on the amount column.

  • Calculate the mean of the amount column.
  • Calculate the standard deviation of the amount column.
  • Flag any transaction as suspicious if its amount is more than 2 standard deviations away from the mean.
  • Add a new column called suspicious to the DataFrame, where each value is True if the transaction is suspicious and False otherwise.
  • Return the updated DataFrame.

Solution

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Everything was clear?

How can we improve it?

Thanks for your feedback!

SectionΒ 3. ChapterΒ 3
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