A study of a company\'s practice regarding the payment of invoices revealed that

Question

A study of a company's practice regarding the payment of invoices revealed that an invoice was paid an average of 25 days after it was received. The standard deviation equal to eight days. Assuming that the distribution is normal, what percent of the invoices were paid with in 16 days of receipt?
A) 6.52% B) 9.78% C) 13.03% D) 11.74% A study of a company's practice regarding the payment of invoices revealed that an invoice was paid an average of 25 days after it was received. The standard deviation equal to eight days. Assuming that the distribution is normal, what percent of the invoices were paid with in 16 days of receipt?
A) 6.52% B) 9.78% C) 13.03% D) 11.74%
A) 6.52% B) 9.78% C) 13.03% D) 11.74%

Explanation / Answer

Ans : 13.03%

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