Given an Activity's Optimistic,most Likely,and Pessimistic Time Estimates of 4,14,and

question 126

Multiple Choice

Given an activity's optimistic,most likely,and pessimistic time estimates of 4,14,and 18 days respectively,compute the PERT expected activity time for this activity.

• A)14
• B)12
• C)11
• D)13
• E)None of the above

---

Definitions:

Losing Money

Losing money describes a situation where an individual or business expends more money than is received over a certain period, resulting in financial loss.

Average Variable Cost

The sum of all costs that vary with output levels, divided by the total number of units produced.

Marginal Cost

The increase or decrease in total production cost when producing one additional unit of a good.

Average Cost

The total cost of production divided by the quantity of output produced, also known as the cost per unit.