Practice regarding the payment of invoices


A study of a company's practice regarding the payment of invoices revealed that an invoice was paid an average of 22 days after it was received. The standard deviation equaled six days. Assuming that the distribution is normal, what percent of the invoices were paid within 15 days of receipt?

6.08%
9.13%
12.17%
10.95%

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Basic Statistics: Practice regarding the payment of invoices
Reference No:- TGS0836008

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