Based on Past Experience,only 0

question 15

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 more than 4 invoices will contain an error?

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Definitions:

Overseas Subsidiaries

Companies owned or controlled by a parent company but located in a different country, often used to enter or expand in foreign markets.

Revenue-generating Holdings

Assets or investments that generate income or profit for a business or individual.

Equipment-based Services

Services that primarily rely on physical machinery and equipment to deliver value to customers, such as laundry, photography, or heavy machinery operations.

Idle Production Capacity

Refers to the available but unused capacity within a manufacturing operation to produce goods.