Which of the Following Statements Regarding PERT Times Is True

question 93

Multiple Choice

Which of the following statements regarding PERT times is true?

• A)The optimistic time estimate is an estimate of the minimum time an activity will require.
• B)The optimistic time estimate is an estimate of the maximum time an activity will require.
• C)The expected time estimate is calculated as t = (a + 4m + b).
• D)The pessimistic time estimate is an estimate of the minimum time an activity will require.
• E)The most likely time estimate is an estimate of the maximum time an activity will require.

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Definitions:

Utility Function

A mathematical representation that shows the satisfaction or utility a consumer derives from a set of goods and services.

Pollution Rights

Allowances or permits that grant the holder the right to emit a certain amount of pollutants, used in regulatory systems to control environmental damage.

Quasilinear Preferences

Preferences characterized by a linear utility function in one good, making the marginal rate of substitution dependent only on quantities of other goods.

Campers' Utility

The satisfaction or happiness derived by campers from engaging in camping activities, possibly influenced by factors like location, weather, or equipment.