The Expected Time in PERT Is

question 43

Multiple Choice

The expected time in PERT is

• A)a weighted average of the most optimistic time, most pessimistic time, and four times the most likely time.
• B)the modal time of a beta distribution.
• C)a simple average of the most optimistic, most likely, and most pessimistic times.
• D)the square root of the sum of the variances of the activities on the critical path.

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Definitions:

FICA

Stands for Federal Insurance Contributions Act, specific U.S. legislation that funds Social Security and Medicare through payroll taxes.

Seller Bears

Refers to situations where the seller is responsible for any additional costs or risks associated with a transaction.

FICA Tax

A U.S. federal payroll tax that funds Social Security and Medicare, contributions are made by both employees and employers.

Burden Falls

An economic term referring to how the costs or economic burdens of a policy, tax, or regulation are distributed among various stakeholders.