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.

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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.
35
Normal distribution
mean std dev
Pewer) Piuper)
471
Transcribed Image Text: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. 35 Normal distribution mean std dev Pewer) Piuper) 471
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