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A company has determined that the mean number of days it takes to collect on its accounts receivable is 36 with a standard deviation of 11 days. What is the probability that a single AR account takes more than 30 days to collect?
Statistics and Probability, Statistics
Would you actually build a contingency chart for this question or is this just probability basics? Bob sets two battery powered alarm clocks to make sure he wakes up in time for his 8 AM accounting test. Each alarm clock ...
A random sample of the closing stock prices in dollars for a company in a recent year is listed below. Assume that sigma σ is ?$2.59. Construct the 90?% and 99?% confidence intervals for the population mean. Interpret th ...
The probability of a potential employee passing a training course is 86%. If you selected 15 potential employees and gave them the training course, what is the probability that more than 12 will pass the test?
A research a research institute conduct the clinical trials of a method designed to increase the probability of conceiving a boy. Amount 170 to babies born to parents using the method. 146 for boys. Identity identify the ...
Table 1. Fasting Blood FBS of Group A FBS of Group B 95 90 100 100 125 125 175 200 250 550 1. What is the mean fasting blood sugar value for each group? What is the median? Mode? Group A: mean:145, median: 125, mode: n ...
Given that X is binomially distributed with n = 36, and p = 0.33, use the normal approximation to the binomial (with correction for continuity) to estimate the probability that X is less than 14? Round your answer to 2 p ...
Mort is to pay off a loan of $75,000 with equal payments at the end of every month over 10 years (i.e., 120 months). The ANNUAL effective rate is 5%. Mort decides that he can actually manage to pay double the monthly pay ...
Yixuan is building a tower out of Lego pieces. For the bottom layer of the tower, he has 12 large Lego blocks to choose from. Each of these large blocks is a different color and he has decided to use 5 of them for the bo ...
You are considering investing in a mutual fund. The fund is expected to earn a return of 15 percent in the next year. If its annual return is normally distributed with a standard deviation of 6.10 percent, what return ca ...
We polled a sample of 900 random people on whether they thought a candidate for a high government position deserves to be nominated. We found that 405 of the 900 people (or 45%) believe the candidate should not be nomina ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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