The Following Table of Probabilistic Time Estimates (In Weeks)and Activity

question 42

Multiple Choice

The following table of probabilistic time estimates (in weeks) and activity predecessors are provided for a project.

Table 9.2
-Using Table 9.2,the probability that the project could be completed in 34 weeks or less is approximately

• A)0.86.
• B)0.89.
• C)0.91.
• D)0.96.

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Definitions:

Ppf (Production Possibility Frontier)

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, when resources are fully and efficiently utilized.

Efficiently

Achieving maximum productivity with minimum wasted effort or expense.

Production Inefficiency

A situation where resources are not utilized in the best possible manner, resulting in wasted potential output.

Production Possibility Frontier

A graphical representation that shows the maximum combination of two goods or services that can be produced within a given time period, given available resources and technology.