The True Proportion of Accounts Receivable with Some Kind of Error

question 44

Multiple Choice

The true proportion of accounts receivable with some kind of error is .02 for Venal Enterprises. If an auditor randomly samples 200 accounts receivable, what is the approximate Poisson probability that fewer than two will contain errors?

• A).1038
• B).0916
• C).1465
• D).0015

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Definitions:

Fair Housing Act

The Fair Housing Act is a federal law that prohibits discrimination in the buying, selling, renting, or financing of housing based on race, religion, national origin, sex, disability, or familial status.

Civil Rights Act

The Civil Rights Act is landmark legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Transfer Title

The process of legally transferring ownership of property from one party to another.

Land

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