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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 exactly 2 invoices will contain an error?
Mathematical Technique
A method or procedure employed in solving mathematical problems or in modeling real-world phenomena using mathematical concepts.
Labour Cost
The total expenditure incurred by employers to compensate the workforce, including wages, benefits, and any other employee-related expenses.
Per Unit
A term used to define the cost, price, or quantity relative to a single unit of a product or service.
Political Risk
The likelihood of financial loss or other adverse effects on investment outcomes due to political instability, government actions, or geopolitical tensions in a region.
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