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A point is selected at random on a line segment of length f. What is the probability that none of the two segments is smaller than t/3?
Statistics and Probability, Statistics
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The Torval Company made a credit sale of $15,000. The invoice was sent today with the terms, 3/15 net 60. This customer normally pays at the net date. If your opportunity cost of funds is 9% the expected payment is worth ...
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