If Project Completion Times Are Normally Distributed,then Which of the Following

question 22

Multiple Choice

If project completion times are normally distributed,then which of the following statements is FALSE?

• A)The due date of a project is to the left of the mean.
• B)The mean of project completion times is in the middle of the distribution.
• C)There is a 50% chance that the project will be completed before the mean of project completion times.
• D)There is a 50% chance that the project will be completed after the mean of project completion times.

---

Definitions:

Required Reserves

The portion of depositors' balances that banks must have on hand as cash or as deposits with the central bank, mandated by the regulatory body.

Total Reserves

The sum of a bank's deposits at the central bank and the cash in its vault available for immediate withdrawal.

Legal Reserve

The minimum amount of funds that a bank or financial institution must hold in reserve against deposits, as mandated by regulatory authorities.

Government Securities

Financial instruments issued by the government to finance its expenditures, offering a relatively safe investment.