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:

Group Development Process

A dynamic model describing the stages (forming, storming, norming, performing, adjourning) through which a group progresses over time as relationships form, conflicts are addressed, and norms are established.

Mature Group

A team or group that has developed to a stage of full or advanced growth in terms of processes, relationships, and effectiveness.

Cohesion Stage

A phase in team development where members start to bond, build trust, and work efficiently toward common goals.

Group Maturity

Refers to the stage at which a group is fully developed in its processes and relationships, maximizing its effectiveness and efficiency.