A large industrial firm allows a discount on any invoice


A large industrial firm allows a discount on any invoice that is paid within 30 days. Of all invoices, 10% receive the discount. In a company audit, 15 invoices are sampled at random. The mean (average) value of the number of the 15 sampled invoices that receive discount is _______

  • 2
  • 1
  • 10
  • 3
  • 1.5

Solution Preview :

Prepared by a verified Expert
Basic Statistics: A large industrial firm allows a discount on any invoice
Reference No:- TGS01390681

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)