Math Solutions

(Steps Shown) A study of a company’s payment of invoices revealed that on the average an invoice was paid 20 days after is was received. The standard deviation

Question: A study of a company’s payment of invoices revealed that on the average an invoice was paid 20 days after is 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? (normal distribution)

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