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 equaled 5 days
Assuming that the distribution is normal, what percent of the invoices is paid within 15 days of receipt?
Answer: 15.87%
You might also like to view...
The chief executives of Swiss Swatch Group and Japanese Canon would like to:
A) outsource all of the manufacturing units overseas in order to save money. B) outsource a majority of the manufacturing functions overseas. C) retain a majority, if not all, of the manufacturing in their home country. D) establish "call centers" in developing countries in order to save labor costs. E) outsource a full line of new products only.
Out of the four biases that can hinder success in online negotiations, one is the ________ attribution bias, which occurs when negotiators mistakenly assume that another's behavior is caused by personality flaws, while overlooking the role of situational factors.
Fill in the blank(s) with the appropriate word(s).
A conventional distribution channel consists of one or more independent producers, wholesalers, and retailers; each seeking to maximize its own profits, perhaps even at the expense of the system as a whole
Indicate whether the statement is true or false
In 31% of households, ________ are the primary grocery shoppers, though they may not be the grocery decision makers.
A. children of any age B. teenagers C. extended family members D. paid help E. men