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Fact Pattern 13 - 2 Owen, an Employee of Plumbing

question 27

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Fact Pattern 13 - 2 Owen, an employee of Plumbing & Pipes LLC, makes a substantial mathematical mistake in totaling the estimated costs for a project for which Quality Construction Inc. is seeking bids. Consequently, Plumbing & Pipes' bid is significantly low.
Refer to Fact Pattern 13-2. The contract with Quality Construction that includes the mistake may be rescinded

Utilize Poisson approximation to the binomial for rare event probabilities.
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