Examlex
The average speed of cars passing a checkpoint is 60 miles per hour with a standard deviation of 8 miles per hour.Fifty (50) passing cars are clocked at random from this checkpoint.The probability that the sample mean will be between 57 and 62 miles per hour is:
Disbursement Float
The time between when a check is issued by a company and when the funds are actually removed from the company's bank account.
Cheques
Documents that order a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.
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