An experienced invoice clerk makes an error once in every 100 invoices, on average. (a) What is

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An experienced invoice clerk makes an error once in every 100 invoices, on average.

(a) What is the probability of finding a batch of 100 invoices without error?

(b) What is the probability of finding such a batch with more than two errors? Calculate the answers using both the Binomial and Poisson distributions. If you try to solve the problem using the Normal method, how accurate is your answer?

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Statistics For Economics Accounting And Business Studies

ISBN: 978027368308

4th Edition

Authors: Michael Barrow

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Question Posted: Aug 25, 2020 08:18 AM

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An experienced invoice clerk makes an error once in every 100 invoices, on average. (a) What is

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Statistics For Economics Accounting And Business Studies

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