Use the megastat output given below to answer the question: The days outstanding on accounts receivable is a normally distribution with a mean of 37 days and a standard deviation of 12 days. A random sample of 18 was taken for the study. a. Calculate the probability that the sample has mean outstanding time more than 45 days b. Calculate the probability that the sample has mean outstanding time between 35 and 45 days from the megastat output.
Use the megastat output given below to answer the question: The days outstanding on accounts receivable is a normally distribution with a mean of 37 days and a standard deviation of 12 days. A random sample of 18 was taken for the study. a. Calculate the probability that the sample has mean outstanding time more than 45 days b. Calculate the probability that the sample has mean outstanding time between 35 and 45 days from the megastat output.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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