Suppose that in the bookkeeping operation of a large corporation the probability of a recording error on

Question:

Suppose that in the bookkeeping operation of a large the probability of a recording error on any one billing is .005. Suppose the probability of a recording error from one billing to the next is constant, and 1, 000 billings are randomly sampled by an auditor.
a. What is the probability that fewer than four billings contain a recording error?
b. What is the probability that more than 10 billings contain a billing error?
c. What is the probability that all 1, 000 billings contain no recording errors?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...