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Pay Your bills: A company audit showed that of 625 bills that were sent out, 341 were paid on time, 153 were paid up to
Pay Your bills:A company audit showed that of 625 bills that were sent out,
341 were paid on time, 153 were paid up to 30 days late, 75 were paid between 31 and 90
days late, and 56 remained unpaid after 90
days. One bill is selected atrandom.
Part 1 of 2
(a) What is the probability that the bill was paid on time? Round your answer to four decimalplaces.
The probability that the bill was paid on time is ? . |
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