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Five students were given a page of problems with instructions to solve as many as they could in one hour. The five students solved the following number of problems: 12, 10, 8, 6, and 4. What is the arithmetic mean number of minutes required per problem?
Creditors
Persons or organizations that are owed money by borrowers.
Bankruptcy Proceedings
The legal process through which individuals or businesses that are unable to repay their debts can seek relief from some or all of their financial obligations.
Proof of Claim
A written statement filed by a creditor in bankruptcy proceedings detailing the claim against the debtor.
Bankruptcy Court
A specialized federal court that deals with matters pertaining to bankruptcy and insolvency laws.
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