Contract requirements state that a project must be completed within 180 working days,or it will incur penalties for late completion.Analysis of the activity network reveals an estimated project time of 145 working days with a project variance of 400.What is the probability that the project will be completed before the late-payment deadline?
A)0.0401
B)0.4599
C)0.8056
D)0.9599
E)near 1.0000,or almost certain

Question

Quizplus · Accepted Answer

The Z-score is calculated as (180 - 145) / sqrt(400) = 1.75. Using the standard normal distribution table, the probability of completing the project in 180 days or less is approximately 0.9599.

Contract Requirements State That a Project Must Be Completed Within