A company has determined from its Accounts Receivable records: Invoices issued for goods sold in January $147966 Settlem

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A Company Has Determined From Its Accounts Receivable Records Invoices Issued For Goods Sold In January 147966 Settlem 1 (120.72 KiB) Viewed 25 times

A company has determined from its Accounts Receivable records: Invoices issued for goods sold in January $147966 Settlements in January for invoices issued in January $11622 Settlements in February for invoices issued in January $77414 Settlements in March for invoices issued in January $27424 Sale of remaining January debts to debt collector $14368 Invoices issued for goods sold in February $134210 Settlements in February for invoices issued in February $10898 Settlements in March for invoices issued in February $60941 Settlements in April for invoices issued in February $25680 Sale of remaining February debts to debt collector $18580 Invoices issued for goods sold in March $148323 Settlements in March for invoices issued in March $12202 Settlements in April for invoices issued in March $75946 Settlements in May for invoices issued in March $28041 Sale of remaining March debts to debt collector $16311 Invoices issued for goods sold in April $131613 Settlements in April for invoices issued in April $10107 Settlements in May for invoices issued in April $62950 Settlements in June for invoices issued in April $22926 Sale of remaining April debts to debt collector $19314 Invoices issued for goods sold in May $134702 Settlements in May for invoices issued in May $10727 Settlements in June for invoices issued in May $68503 Invoices issued for goods sold in June $137955 Settlements in June for invoices issued in June $12310 Determine the following probabilities based on the January to April data (Probability values should be between 0 and 1 and be accurate to at least 3 decimal places): Probability that accounts less than one month old will be paid: