A Project Manager for Durable Construction Co

question 52

Multiple Choice

A project manager for Durable Construction Co.is about to build a house involving the following six activities: What is the probability that the critical path for this project will be completed within 210 days?

• A)0.5000
• B)0.8413
• C)0.9544
• D)0.9772
• E)0.9987

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Definitions:

Cheapest Way

This refers to the method or strategy that incurs the lowest cost to achieve a particular outcome or objective.

Short-Run Total Cost

The total of all costs incurred in the production of goods or services in the short term, including both fixed and variable costs.

Short-Run Average Cost

The total cost of production (fixed and variable costs) divided by the quantity produced, over the short term where some factors of production are fixed.

Output Quantity

The total amount of goods or services produced by a company or an economy in a specific period.