Micron Technology has sales offices located in four cities: Dallas, Seattle, Boston, and Los Angeles. An analysis
Question:
Micron Technology has sales offices located in four cities: Dallas, Seattle, Boston, and Los Angeles. An analysis of the company’s accounts receivables reveals the number of overdue invoices by days, as shown here.
Days Overdue Dallas Seattle Boston Los Angeles Under 30 days 137 122 198 287 30–60 days 85 46 76 109 61–90 days 33 27 55 48 Over 90 days 18 32 45 66 Assume the invoices are stored and managed from a central database.
a. What is the probability that a randomly selected invoice from the database is from the Boston sales office?
b. What is the probability that a randomly selected invoice from the database is between 30 and 90 days overdue?
c. What is the probability that a randomly selected invoice from the database is over 90 days old and from the Seattle office?
d. If a randomly selected invoice is from the Los Angeles office, what is the probability that it is 60 or fewer days overdue?
Step by Step Answer:
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith