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Pay your bills: In a large sample of customer accounts, a utility company determined that the average number of days between when a bill was sent out and when the payment was made is 31 with a standard deviation of 6 days. Assume the data to be approximately bell-shaped. Part: 0/3 Part 1 of 3 (a) Estimate the percentage of bills for which payment was made in greater than 43 days. Approximately% % of the bills have payments made in greater than 43. X Pay your bills: In a large sample of customer accounts, a utility company determined that the average number of days between when a bill was sent out and when the payment was made is 31 with a standard deviation of 6 days. Assume the data to be approximately bell-shaped. Part: 0/3 Part 1 of 3 (a) Estimate the percentage of bills for which payment was made in greater than 43 days. Approximately% % of the bills have payments made in greater than 43. X
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Part a To estimate the percentage of bills for which payment was made in greater than 43 days we can ... View the full answer
Related Book For
Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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