Consider the Network Described in the Table Below

question 31

Essay

Consider the network described in the table below.
a.Calculate the expected duration of each activity.
b.Calculate the expected duration and variance of the critical path.
c.Calculate the probability that the project will be completed in fewer than 30 time units.

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Definitions:

Trading Investments

Trading investments are securities that a company buys and holds primarily for the purpose of selling them in the near term to generate income.

Unrealized Gains

Unrealized gains are increases in the value of an investment or asset that has not been sold, thus not yet turning the gain into cash.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies, typically through ownership of a substantial share of voting stock.

IFRS

International Financial Reporting Standards, which are accounting standards issued by the International Accounting Standards Board (IASB) for financial reporting globally.