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A Large Industrial Firm Allows a Discount on Any Invoice

Question 95

Multiple Choice

A large industrial firm allows a discount on any invoice that is paid within 30 days.Of all invoices, 10% receive the discount.In a company audit, 15 invoices are sampled at random.The mean (average) value of the number of the 15 sampled invoices that receive discount is _______


A) 1
B) 3
C) 1.5
D) 2
E) 10

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