Question

Days Overdue City A City B City C City D. A company has sales offices in four cities. An analysis of the company's Under 30 days 127 126 207 308 accounts receivables reveals the number of overdue invoices by days, 30-60 days 77 47 69 100 as shown to the right. Assume the invoices are stored and managed 61-90 days 35 28 57 45 from a central database. Complete parts a through d below. Over 90 days 16 34 42 64 a. What is the probability that a randomly selected invoice from the database is from the City A office? (Round to four decimal places as needed.) b. What is the probability that a randomly selected invoice from the database is between 30 and 90 days overdue? (Round to four decimal places as needed.) c. What is the probability that a randomly selected invoice from the database is over 90 days old and from the City C office? (Round to four decimal places as needed.) d. If a randomly selected invoice is from the City B office, what is the probability that it is 60 or fewer days overdue? (Round to four decimal places as needed.)

Answer 1

From the given information,

By using calculator,

The required correct answers are,

a. Probability= 0.1845

b. Probability= 0.3314

c. Probability= 0.0304

d. Probability= 0.7362

Thank you.

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