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As part of an insurance company’s training program, participants learn how to conduct an analysis of clients’ insurability. The goal is to have participants achieve a time in the range of 32 to 47 minutes. Test results for three participants were: Armand, a mean of 38.0 minutes and a standard deviation of 2.0 minutes; Jerry, a mean of 35.0 minutes and a standard deviation of 3.0 minutes; and Melissa, a mean of 39.5 minutes and a standard deviation of 1.7 minutes. a. Which of the participants would you judge to be capable? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
It is sufficient to do “Identify Risks” and “Perform Qualitative Risk Analysis” only once – during the beginning of the project. T
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