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

question 39

Multiple Choice

A study of a company's practice regarding the payment of invoices revealed that on the average an invoice was paid 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:

Psychosocial Crises

Critical stages in an individual's life when they face significant challenges that can impact their psychological and social development.

Erikson

Erik Erikson was a developmental psychologist and psychoanalyst known for his theory on the psychosocial development of humans, distinguishing eight stages that span across an individual's lifetime.

Autonomy

Autonomy is the ability or right of individuals to make their own decisions without interference from others, often considered a fundamental aspect of human dignity.

Cross-Sequential Design

Research design in which participants are first studied by means of a cross-sectional design but are also followed and assessed longitudinally.