Given the List of Activities,the Expected Time Estimates,and Variances,compute the Probability

question 21

Multiple Choice

Given the list of activities,the expected time estimates,and variances,compute the probability that the project time will be less than 30 minutes.Round Z to two decimals.
$\begin{array}{ll}\text { Activity } & \mathrm{T}_{e} \text { (minutes) }&\text { Variance } \\\text { A } & 2.00&0.5 \\\text { B } & 6.17&1.75 \\\text { C } & 8.34&1.45 \\\text { D } & 10.05&3.00\end{array}$

• A)0.6950
• B)0.7500
• C)0.8907
• D)0.9082
• E)0.9989

Understand the concept of a trial balance and its purpose in accounting.

Identify the steps involved in processing transactions.

Explain the purpose and types of source documents in business operations.

Calculate and interpret the debt ratio to analyze a company's financial condition.

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Definitions:

Optimal Tax Rate

The tax rate that efficiently balances revenue generation for government purposes with minimal economic distortion or disincentive for economic activity.

Marginal Social Benefit

The increased value to society resulting from the consumption or production of one more unit of a good or service.

External Benefit

A benefit that affects people other than the direct consumers or producers of a good or service, often leading to positive spillover effects.

Negative Externality

A situation where a third party suffers from a transaction or activity they are not directly involved in, often leading to market failure if not corrected by government intervention.