The Normal Distribution Tends to Be a Better Approximation of the Distribution

question 29

True/False

The normal distribution tends to be a better approximation of the distribution of total time for shorter projects where the critical path has relatively few activities.

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Definitions:

Semiannual Interest

Interest that is calculated and paid twice a year.

Consolidated Financial Statements

Financial statements that combine the financial information of a parent company and its subsidiaries into one set of statements.

Parent Company

A company that holds a controlling interest in one or more subsidiaries, exerting control and influence over their operations.

Subsidiary Company

A company that is completely or partially owned and wholly controlled by another company, which is referred to as the parent company.