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Hi! I'm wondering which distribution I should utilize for the situation below. or should I use percentiles? Thank you! In order to minimize the occurrence

Hi! I'm wondering which distribution I should utilize for the situation below. or should I use percentiles? Thank you!

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In order to minimize the occurrence of money laundering, certain nancial companies are required to conduct small background checks on their customers before accepting money from them. under the so-called Anti Money Laundering (AML) laws. When a customer makes a payment to an organization operating under AML laws, the money is transferred to the organization but suspended for a brief holding period while a background check is conducted on the customer. Typically, nancial companies outsource the background check process to a third- party AML provider. 3. Say an AML provider claims that their background checks typically require a holding period of no more than 5 days. If this is true. what percentage of their background checks will be completed within 3 days? (regardless of background check's outcome)

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