Table 310
You Are Responsible for Managing a Project with the the Following

question 74

Multiple Choice

Table 3.10
You are responsible for managing a project with the following activities
(times are given in weeks) .
$$\begin{array} { | c | c | c | c | c | } \hline \text { Activity } & \begin{array} { c } \text { Optimistic } \\\text { Time }\end{array} & \begin{array} { c } \text { Most Likely } \\\text { Time }\end{array} & \begin{array} { c } \text { Pessimistic } \\\text { Time }\end{array} & \begin{array} { c } \text { Immediate } \\\text { Predecessor(s) }\end{array} \\\hline \text { A } & 2 & 5 & 14 & \cdots \\\text { B } & 8 & 11 & 14 & \cdots \\\text { C } & 5 & 7 & 9 & \text { A } \\\text { D } & 6 & 9 & 12 & \text { A } \\\text { E } & 1 & 3 & 5 & \text { D,B } \\\hline\end{array}$$
-Using Table 3.10,what is the probability of completing the project in 17 weeks or less? You will need to refer to a standard normal table to answer the question.

• A) less than or equal to 40%
• B) greater than 40% but less than or equal to 55%
• C) greater than 55% but less than or equal to 70%
• D) greater than 70%

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Definitions:

Land Rent

Land rent is the payment made for the use of a piece of land, representing the value derived from its use.

Interest Payments

The payments made periodically by a borrower to a lender as compensation for the use of borrowed funds.

Interest Rates

The percentage of a sum of money charged for its use, determining the cost of borrowing money or the return on invested capital.

Compounded Annually

Compounded annually refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.