An auditor is checking invoices that have been paid to see if they contain any errors. Historically

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An auditor is checking invoices that have been paid to see if they contain any errors.

Historically around 7 per cent of all invoices are expected to contain some error. The auditor takes a random batch of ten invoices. Calculate the probability distribution of errors for this batch of ten. What assumptions have you made?

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Quantitative Analysis For Decision Makers

ISBN: 9781292276618

7th Edition

Authors: Mik Wisniewski, Dr Farhad Shafti

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Question Posted: Nov 25, 2024 03:00 AM

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An auditor is checking invoices that have been paid to see if they contain any errors. Historically

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Quantitative Analysis For Decision Makers

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