Pay your bills: In a large sample of customer accounts, a utility company determined that the average number of days between when a bill was sent out and when the payment was made is 25 with a standard deviation of 4 days. Assume the data to be approximately bell-shaped. Part 1 of 3 (a) Between what two values will approximately 68% of the numbers of days be? Approximately 68% of the customer accounts have payment made between 21 and 29 days. Part: 1/3 Part 2 of 3 (b) Estimate the percentage of customer accounts for which the number of days is between 17 and 33. (Choose one) v of the customer accounts have payment made between 17 and 33 days.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
icon
Concept explainers
Question
Pay your bills: In a large sample of customer accounts, a utility company determined that the average number of days between when a bill was sent
out and when the payment was made is 25 with a standard deviation of 4 days. Assume the data to be approximately bell-shaped.
Part 1 of 3
(a) Between what two values will approximately 68% of the numbers of days be?
Approximately 68% of the customer accounts have payment made between 21 and 29 days.
Part: 1/3
Part 2 of 3
(b) Estimate the percentage of customer accounts for which the number of days is between 17 and 33.
(Choose one)
v of the customer accounts have payment made between 17 and 33 days.
Transcribed Image Text:Pay your bills: In a large sample of customer accounts, a utility company determined that the average number of days between when a bill was sent out and when the payment was made is 25 with a standard deviation of 4 days. Assume the data to be approximately bell-shaped. Part 1 of 3 (a) Between what two values will approximately 68% of the numbers of days be? Approximately 68% of the customer accounts have payment made between 21 and 29 days. Part: 1/3 Part 2 of 3 (b) Estimate the percentage of customer accounts for which the number of days is between 17 and 33. (Choose one) v of the customer accounts have payment made between 17 and 33 days.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Continuous Probability Distribution
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman