If the Standard Deviation Is 2

question 84

Multiple Choice

If the standard deviation is 2.78 and the Z value is 1.65,then ______.

• A)the expected date of completion is 34.59 weeks if the due date for project completion is 30 weeks
• B)the due date for project completion is 34.59 weeks if the expected date of completion is 30 weeks
• C)the due date for project completion is 30 weeks if the expected date of completion is 24.51weeks
• D)the due date for project completion is 24.51 weeks if the expected date of completion is 30 weeks

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Definitions:

Operating Loss

The amount by which the operating expenses of a business exceed its gross profits.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, or insurance.

Materials Markup

The extra percentage added to the cost price of goods to cover overhead and profit when selling goods.

Labor Rate

The cost paid to labor per unit of time, often referred to as wage rate or hourly rate.