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A company accountant did a study of 750 accounts receivable. She found that 119 were paid early, 320 were paid on time, 200 were paid
A company accountant did a study of 750 accounts receivable. She found that 119 were paid early, 320 were paid on time, 200 were paid late, and 111 were considered uncollectible. Assume the past experience with accounts receivable is a good indication of the future. Estimate the probabilities for each category of accounts receivable for the future
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