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The data shows the roundtrip mileage that 43 randomly selected students drive to school
each day. Construct a frequency polygon. Applying a loose interpretation of the requirements
for a normal distribution, do the mileages appear to be normally distributed? Why or why not?
Account Receivable
Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.
Repeat Purchases
The act of customers buying the same product or service multiple times, indicating satisfaction and loyalty towards a brand.
Bad Debt Expense
An accounting term representing the amount of non-collectible accounts receivable that is considered a loss.
Profit
The financial gain realized when the revenue from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
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