In Order to Estimate Completion of a Gaussian,or Lognormal,distributed Activity

question 92

Multiple Choice

In order to estimate completion of a Gaussian,or lognormal,distributed activity time with a 90% or higher degree of confidence,the time may be overestimated by as much as:

• A)20%.
• B)80%.
• C)160%.
• D)200%.

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Definitions:

Closing Entry

A journal entry made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts.

Debited

An accounting term indicating that an amount has been recorded on the left side of a ledger or account, increasing assets or decreasing liabilities and equity.

Rent Expense

An expense account that records the cost incurred by a business to rent a property or equipment for its operations.

Fees Earned

Income earned from providing services or performing work for clients or customers.