The Project Manager Is About to Begin a Project Comprised

question 44

Multiple Choice

The Project Manager is about to begin a project comprised of the following six activities: What is the estimated standard deviation of the duration for activity E?

• A)2 days
• B)3 days
• C)4 days
• D)16 days
• E)24 days

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Definitions:

Risk Averse

The tendency of individuals or entities to prefer certainty over uncertainty, avoiding investments or actions that could result in losses.

Wealth

The accumulation of valuable resources and assets, such as money, real estate, and investments, which can be used to produce income or held as a store of value.

Market Risk

The risk of losses in investments due to factors that affect the entire market or economy.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all final goods and services produced by an economy in a given year at constant prices.