Indicate the upper exception rate with a confidence level, Accounting Basics

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Indicate the upper exception rate with a confidence level

Problem

The auditor compared the quantity invoiced for the sample of 40 sales transactions selected in 9-2f with the quantity on the related shipping document, and found one exception. Indicate the upper exception rate with a confidence level of 90%.

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Accounting Basics: Indicate the upper exception rate with a confidence level

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Accounting Basics: Indicate the upper exception rate with a confidence level

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