An auditor is preparing for a physical count of inventory as a means of verifying its value.

Question:

An auditor is preparing for a physical count of inventory as a means of verifying its value. Items counted are reconciled with a list prepared by the storeroom supervisor. In one particular firm, 20% of the items counted cannot be reconciled without reviewing invoices. The auditor selects 10 items. Find the probability that 6 or more items cannot be reconciled.’


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: