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Your company is considering submitting a bid on a major project. You determine that the expected completion time is 40 weeks and the standard deviation
Your company is considering submitting a bid on a major project. You determine that the expected completion time is 40 weeks and the standard deviation is 3 weeks. It is assumed that the normal distribution applies. You wish to set the due date for the project such that there is an 95 percent chance that the project will be finished by this time. What due date should be set?
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