If Project Completion Times Are Normally Distributed, What Is the Probability

question 82

Multiple Choice

If project completion times are normally distributed, what is the probability that the project will be completed by the mean project duration?

• A) 0.00
• B) 0.25
• C) 0.50
• D) 1.00

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Definitions:

Consumer Savings

Refers to the portion of disposable income that is not spent on consumption but is saved by individuals, often placed in savings accounts or invested.

Business Investment

Expenditures made by businesses to purchase capital goods or services intended to increase their productive capacity or efficiency.

Financial Instruments

Contracts that give rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Financial Markets

Platforms or systems that facilitate the buying, selling, and trading of financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand.