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

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Definitions:

Historic Rate

The exchange rate used to convert foreign currency transactions to the reporting currency at the date of the transaction, for accounting purposes.

Income Statement Items

Elements found in the income statement, including revenues, expenses, gains, and losses, which together determine the net income of a company.

Average Rate

The mean amount at which something can be bought or sold, calculated over a specified period or under certain conditions.

Functional Currency

The primary currency used by a business or unit in its financial statements, reflecting the main economic environment in which it operates.