a tax collector, finding himself short of funds, delayed depositing a large property tax payment ten different times. The money was subsequently repaid, and the whole amount deposited in the proper amount. The tip-off to this behavior was the delay of the deposit during the period of these irregularities. There was a total of 470 tax collections, an auditing firm was preparing to do a routine annual audit of these transactions. They decided to randomly sample nineteen of the collections (approximately 4%) of the payment. The auditors would assume a pattern of malfeasance only if they saw three or more irregularities. What is the probability that three or more of the delayed deposits would be chosen in this sample?
a tax collector, finding himself short of funds, delayed depositing a large property tax payment ten different times. The money was subsequently repaid, and the whole amount deposited in the proper amount. The tip-off to this behavior was the delay of the deposit during the period of these irregularities. There was a total of 470 tax collections, an auditing firm was preparing to do a routine annual audit of these transactions. They decided to randomly sample nineteen of the collections (approximately 4%) of the payment. The auditors would assume a pattern of malfeasance only if they saw three or more irregularities. What is the
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