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The number of days between billing and payment of charge accounts at Groshen's, a large department store, is approximately normally distributed with a mean of 18 days and standard deviation of 4 days.
a. What is the probability that a bill will be paid between 12 and 18 days
b. What is the probability that a bill will be paid between 20 and 23 days?
c. What is the probability that a bill will be paid between 10 and 20 days?
d. What is the probability that a bill will take longer than 21 days to be paid?
e. What is the probability that a bill will take less than 16 days to be paid?
Applebee's is the largest casual dining chain in the world, with over 1800 locations throughout the U.S. and also in 20 other countries. The menu features beef, chicken, and pork items, as well as burgers, pasta, and seafood. What pieces of data woul..
Discuss the advantages and disadvantages of the Optimized Production Technology (OPT) approach to production planning.
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What is the mean time in hours that a customer spends in the system and What is the mean utilization percentage of the call center employee answering the phones (the server in this system)?
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