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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The stamping machine on a production line periodically is taken off-line for maintenance.Assume that the amount of time the machine is off-line is uniformly distributed between 15 and 30 minutes.
-What is the probability that the machine is off-line between 21 and 27 minutes?


Definitions:

Total Debt

The sum of all liabilities, both short and long term, that a company owes.

Cash In Hand

The amount of liquid money or physical currency that a company or individual has readily available.

Bills Receivable

Financial documents representing money owed to a business by its customers that is payable within a short period.

Inventories

Quantities of goods and materials that a business holds for the purpose of sale or production.

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