A study of a company's practice regarding the payment of invoices revealed that on the average an invoice was paid 20 days after it was received. The standard deviation equalled five days. A sample of 25 invoices is selected. Assuming that the distribution is normal, what percent of the sampled invoices were paid within 15 days of receipt?
A) 100%
B) 37.91%
C) 34.13%
D) 86.74%
Correct Answer:
Verified
Q46: A convenience store estimates that 25% of
Q47: Dawson's Repair Service orders parts from an
Q48: 70% of North American women have pierced
Q49: Dawson's Repair Service orders parts from an
Q50: The mean rent for a two-bedroom apartment
Q52: A new extended-life light bulb has an
Q53: The mean rent for a two-bedroom apartment
Q54: Dawson's Repair Service orders parts from an
Q55: A retailer claims that 90% of its
Q56: A retailer claims that 90% of its
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents