A Study of a Company's Practice Regarding the Payment of Invoices

question 2

Multiple Choice

A study of a company's practice regarding the payment of invoices revealed that an invoice was paid an average of 20 days after it was received. The standard deviation equaled five days. Assuming that the distribution is normal,what percent of the invoices were paid within 15 days of receipt?

• A)15.87%
• B)37.91%
• C)34.13%
• D)86.74%

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Definitions:

Mental Health

A state of well-being where an individual realizes their abilities, can cope with the normal stresses of life, work productively, and contribute to their community.

Life Satisfaction

A measure of well-being and contentment with one’s life, reflecting how individuals evaluate their life as a whole rather than their current feelings.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Independent

Having autonomy or not influenced or controlled by others in matters of opinion, conduct, decision-making, etc.