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NEW QUESTION: 1
A. Option B
B. Option C
C. Option A
D. Option D
Answer: B
NEW QUESTION: 2
Which two tasks should be completed as part of the post-implementation phase of a project? (Choose two.)
A. leave your contact number
B. set aside time to conduct training and transfer of Information
C. update the Build Guide
D. clean up the configuration and let the customer build the configuration afresh
Answer: B,C
NEW QUESTION: 3
A client will move his investment account unless the portfolio manager earns at least a 10 percent rate of return on the account. The rate of return for the portfolio the portfolio manager has chosen has a normal probability distribution with an expected return of 19 percent and a standard deviation of 4.5 percent. What is the probability that the portfolio manager will keep this account?
A. 0.950
B. 0.975
C. 1.000
Answer: B
Explanation:
As a rule of thumb, two standard deviations produce a 95% confidence level. Since this question presents a one-tailed test, the probability of falling below the expected value by two standard deviations is 2.5%. Confidence interval = (19% - 10%)/4.5% = 2 standard deviations The frequency of outcomes two standard deviations less than the expected return is 2.28%. Hence, Probability of keeping the account = 1.0000 - 0.0228 = 0.9772, closest to 0.975.