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There are 25 students in a sixth-grade class. On a cold winter day in February, many of the students had runny noses and sore throats. After examining each student, the school nurse constructed the following table:
Find the probability that a randomly-selected student has neither a runny nose nor a sore throat.
Line of Credit
A flexible loan from a bank or financial institution, where a borrower can access funds up to a specified limit at any time.
Lockbox System
A service provided by banks to process payments quickly by allowing companies to have their customers send payments to a special post office box.
Disbursement Float
The time lag between when a payment is issued by a payer and when the funds are actually withdrawn from the payer's account.
Receivable Accounts
Balances of money due to a company for goods or services provided that have not yet been paid by customers.
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