The slow paying accounts for a local wholesaler are normally
distributed with a mean of 20 accounts and a standard deviation of 4 accounts.
What is the probability of randomly selecting an account and
finding that it is slow?
What is the probability of selecting an accounting period
that has more than 25 slow paying accounts?
What proportion of the company's business cycle would
experience less than 15 customers classified as slow?
What is the probability that an auditor randomly selects a
period to evaluate and finds more than 17 slow paying customers?
What are the chances of randomly selecting a period that has
more than 22 or less than 16 slow paying customers?