A Project Manager Has Discovered That Three Tasks Are on the Critical

question 22

Multiple Choice

A project manager has discovered that three tasks are on the critical path for a particular project.She has developed the time estimates (in days) shown in the table below. The customer has offered a $10,000 bonus if the project is completed within 14 days.What is the probability that the bonus will be earned?

• A)Approximately 85 percent
• B)Approximately 5 percent
• C)Approximately 2.3 percent
• D)Approximately 97.7 percent

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Definitions:

System of Linear Equations

A set of one or more linear equations that share the same variables.

Interest Rate

A percentage representing the cost of borrowing money or the return on investment for savings.

Annual Payment

A payment made once every year, often related to loans, annuities, or other financial products.

Lenders

Entities or individuals that provide funds to borrowers under the condition of future repayment, often with interest.