Essay
An auditor reviewing the invoices of a small company finds that there are errors in 1.5% of them.If the auditor looks at 500 invoices,what is the probability that he finds more than 3 invoices with errors? Use the Poisson approximation to the binomial distribution.
Correct Answer:
Verified
λ = nP = 7.5,then P(...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q110: THE NEXT QUESTIONS ARE BASED ON THE
Q111: THE NEXT QUESTIONS ARE BASED ON THE
Q112: THE NEXT QUESTIONS ARE BASED ON THE
Q113: What is the probability that no more
Q114: THE NEXT QUESTIONS ARE BASED ON THE
Q116: THE NEXT QUESTIONS ARE BASED ON THE
Q117: The number of accidents on a US
Q118: THE NEXT QUESTIONS ARE BASED ON THE
Q119: THE NEXT QUESTIONS ARE BASED ON THE
Q120: THE NEXT QUESTIONS ARE BASED ON THE