Question
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
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 30 with a standard deviation of 6 days. Assume the data to be approximately bell-shaped.
Between what two values will approximately 95% of the numbers of days be?
Estimate the percentage of customer accounts for which the number of days is between _______and________ . Estimate the percentage of customer accounts for which the number of days is between 24 and 36.
_______________ of the customer accounts have payment made between 24 and 36 days
Approximately 68%
Approximately 95%
Approximately 75%
Approximately 88.9%
Almost all
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
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