The _______________ Probability Distribution Is Typically Used to Describe Uncertain

question 47

Multiple Choice

The _______________ probability distribution is typically used to describe uncertain activity times in a project.

• A)beta
• B)normal
• C)binomial
• D)exponential

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Definitions:

Administrative Expense

Expenses related to the general operation of a business, such as office supplies, management salaries, and utilities.

Fixed Selling

Costs that remain constant regardless of the volume of goods or services sold.

Direct Labor-Hours

The total hours worked by employees that are directly involved in the manufacturing process.

Raw Materials Cost

The expense of materials that are used in the manufacturing process to create goods, not yet processed or altered.