A Contractor's Project Being Analyzed by PERT Has an Estimated

question 92

Multiple Choice

A contractor's project being analyzed by PERT has an estimated time for the critical path of 120 days. The sum of all activity variances is 81; the sum of variances along the critical path is 64. The probability that the project will take 130 or more days to complete is

• A) 0.1057
• B) 0.1335
• C) 0.8512
• D) 0.8943
• E) 1.29

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Definitions:

Securities & Exchange Commission

A government agency that oversees securities transactions, activities of financial professionals, and mutual fund trading to prevent fraud and intentional deception.

Financial Disclosure

The process of providing financial information to stakeholders about a company's performance, financial status, and operations.

Form 10-K

An annual report required by the U.S. Securities and Exchange Commission that gives a comprehensive summary of a company's financial performance.

Summarized Financial Data

Concise representation of a company's financial performance and position, aggregating essential financial information.