Friday

April 18, 2014

April 18, 2014

Posted by **tiron** on Monday, January 11, 2010 at 7:39pm.

a. What percent of the invoices are paid within 15 days of receipt?

b. What percent of the invoices are paid in more than 28 days?

c. What percent of the invoices are paid in more than 15 days but less than 28 days?

d. The management of Hub Furniture wants to encourage their customers to pay their monthly invoices as soon as possible. Therefore, it announced that a 2 percent reduction in price would be in effect for customers who pay within 7 days of the receipt of the invoice. What percent of customers will earn this discount?

- math -
**PsyDAG**, Tuesday, January 12, 2010 at 11:13amZ = (x - mean)/standard deviation

Find the respective Z scores forthe problems and look up the proportions cut off in a table in back of your stat book labeled something like "areas under the normal distribution." Convert these to percentages.

For example:

a. Z = (15 - 20)/5 = -5/5 = -1

On the table, that would be approximately 16%.

Use this method to do the other problems.

I hope this helps.

**Related Questions**

Math - A study of Hub Furniture regarding the payment of invoices reveals the ...

Medical billing and coding - Which of the following reimbursement methodologies ...

Algebra - The Smith family made an $800 down payment and pays $75 a month for ...

Math - The Robinsons decide they would rather purchase the $85,000 home. Their ...

math - Wallace and Sarah purchased furniture for their new home. They had two ...

Finance - In an amortized loan, the principal portion: increases with every ...

business math 205 - Calculate the future of the following Ordinary Annuities. ...

math - what do i have to do to solve this? Khety must save $5050 for a down ...

reimbursement methodologies - Please check my answer thanks :) Which of the ...

math - calculate the average daily balance from the following(30-day billing ...