Number of days between billing and payment

Assignment Help Basic Statistics
Reference no: EM131058135

A negative option club has noted the number of days between billing and payment is normally distributed with a mean of 16 days and a standard deviation of 5 days.

a. What proportion of customers pay in 12 to 20 days after billing?

b. After how many days will 25% of all bills remain unpaid?

Reference no: EM131058135

Questions Cloud

Portfolio is collection of financial assets and investments : A portfolio is any collection of financial assets and investments. Let's say that out of $100,000 you invest $50,000 in Stock A and $50,000 in Stock B. This is a two-stock portfolio. You can change the proportion of funds invested in each stock to cr..
The company will also pay out a liquidating dividend : JJ Industries will pay a regular dividend of $1.50 per share for each of the next four years. At the end of four years, the company will also pay out a liquidating dividend. If the discount rate is 9 percent, and the current share price is $58, what ..
Arithmetic return and geometric return : A stock has had returns of 13 percent, 20 percent, 22 percent, −11 percent, 27 percent, and −5 percent over the last six years. What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations. Enter your answers a..
List the entity sets and their primary keys : List the entity sets and their primary keys.
Number of days between billing and payment : A negative option club has noted the number of days between billing and payment is normally distributed with a mean of 16 days and a standard deviation of 5 days.
What is your after-tax return for the year : You purchased a stock at the end of the prior year at a price of $94. At the end of this year the stock pays a dividend of $1.40 and you sell the stock for $95. What is your return for the year? Now suppose that dividends are taxed at 15 percent and ..
Examination intended for psychology majors : For a standardized psychology examination intended for psychology majors, the historical data show that scores have a mean of 505 and a standard deviation of 175.
Why then do we have weak entity sets : Why, then, do we have weak entity sets?
Asset had an arithmetic return-geometric return : Over a 50-year period an asset had an arithmetic return of 13.3 percent and a geometric return of 11.2 percent. Using Blume’s formula, what is your best estimate of the future annual returns over 8 years? 14 years? 25 years? (Do not round intermediat..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Estimate of those population parameters

What is the probability that you get a seat that would fail the stress test if failing is a score of  6.2 or less and estimate of those population parameters

  Hypothesis testing-paired t test of auto insurance

The president of the American Insurance Institute wants to compare the yearly costs of auto insurance offered by two leading companies.

  Qnbspnbspstudents in a management science class have just

q.nbspnbspstudents in a management science class have just received their grades on the first test. the instructor has

  Find the probability that two games end in row

6 are won by peace and 4 are won by queen and 2 end in a draw. they agree to play a tournament consisting of 3 games. Find the probability that: 2 games end in a row.

  In the linear regression model it was found that the 90

in the linear regression model it was found that the 90 confidence interval for the regression coefficient b is 1.59.3.

  Does the agree with your hypothesis test?why or why not

Create a 95% confidence interval for the value of the population mean, given that their are 64 observations and a sample mean of 49, with a sample standard deviation of 3,test the hypothesis with an alpha equal to .05

  Evidence to refuse null hypothesis

Re item 4, assume the critical value for this test is 4.92, and you obtain a computed statistical value of 7.45.   Is there evidence to refuse null hypothesis? Describe why or why not?

  Illustrate a quantitative assessment of what our charts

Illustrate a quantitative assessment of what our charts would look like and what these new targets would do to our operations.

  Develop and solve a linear optimization model to determine

question the international chef inc. markets three blends of oriental tea premium duke grey and breakfast. the firm

  Examining behaviour of critical values degrees of freedom

Examine the behaviour of 99% critical values for these degrees of freedom, and comment on the limits in this case.

  Independent random variables with mean

The time a cashier spends processing individual customer's order are independent random variables with mean 2.5 minute and standard deviation of 2.

  Construct a frequency table for the number of novels read

A teacher asked each of her students how many novels they had read in the previous six months. The results are shown below. Construct a frequency table for the number of novels read

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd