A Study of a Company's Practice Regarding the Payment of Invoices

Multiple Choice

A study of a company's practice regarding the payment of invoices revealed that on the average an
Invoice was paid 20 days after it was received. The standard deviation equalled five days.
Assuming that the distribution is normal, what percent of the invoices were paid within 15 days of
Receipt?

A) 15.87%
B) 37.91%
C) 34.13%
D) 86.74%