Two records are to be randomly selected one after the other from an accounts receivable portfolio. The

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Question:

Two records are to be randomly selected one after the other from an accounts receivable portfolio. The selected records are then examined to see whether they contain any errors.

a. List the experimental outcomes associated with this sampling process.

b. If the random variable of interest is the number of records that contain an error, what values will this random variable assume for each of the experiment outcomes?