Based on Past Experience,only 0

question 191

Short Answer

Based on past experience,only 0.5% of the invoices of a company contain an error.Out of the 1,500 invoices that the company will issue,what is the approximate probability that less than 4 invoices will contain an error?

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Definitions:

Proficiency

The state of being skilled or competent in a particular activity or field.

Specialized Knowledge

Expertise or information in a specific field, distinguishing one from lay knowledge.

Participative Leadership

A philosophy of and approach to leadership that taps the constructive power of people, resulting in both a humanistic and productive workplace. The participative leader begins by involving people, which is necessary to achieve understanding, which is necessary to achieve commitment. See democratic and empowerment.

Commitment

A pledge or promise to do something, often involving dedication and loyalty towards a goal, project, or relationship.