If a Project Path Has an Expected Duration of 10

question 31

Multiple Choice

If a project path has an expected duration of 10 days and a standard deviation of 3 days, what is the probability that the path will be completed in 13 days or less?

• A)50 percent
• B)33 percent
• C)75 percent
• D)84 percent

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Definitions:

Leasing

Leasing is a financial agreement in which one party, the lessor, allows another party, the lessee, to use an asset for a specified period in exchange for periodic payments.

CCA Tax Shield

CCA Tax Shield refers to the reduction in income tax a business enjoys from being able to deduct the depreciation of tangible property over its useful life, under Canada's Capital Cost Allowance regulations.

Borrow Money

The act of obtaining funds from a lender under the agreement to pay back the principal amount along with interest or fees.

Tax Rate

The percentage at which an individual or corporation is taxed by the government.