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:

Inequality

The state of not being equal, especially in status, rights, and opportunities.

Denial

A defense mechanism in which confrontation with a reality or fact is avoided by denying the existence of the problem or reality itself.

Genocide

The deliberate killing of a large group of people, especially those of a particular ethnic group or nation, with the intent to destroy that group.

Lactose Tolerance

The ability of adults to digest lactose, a sugar found in milk, due to the continued production of the enzyme lactase beyond infancy.