Completion Time (From Start to Finish)of a Building Remodeling Project

question 91

Multiple Choice

Completion time (from start to finish) of a building remodeling project is normally distributed with a mean of 200 work-days and a standard deviation of 10 work-days.The probability that the project will be completed within 185 work-days is ______.

• A)0.0668
• B)0.4332
• C)0.5000
• D)0.9332
• E)0.9950

---

Definitions:

Due Date

The specific day by which a task, obligation, or payment is expected to be completed or fulfilled.

Gross Collection Ratio

Includes the total payments received by a practice for a specific period of time, not including any write-offs. The gross collection ratio can be calculated by taking the total payments for the specific period divided by the total charges, again without considering write-offs.

Percentage

A portion of a whole expressed as a fraction of 100, used to describe proportions or compare quantities.

Gross Collection Ratio

A financial metric that measures the total amount of revenue collected versus the total amount charged.