Following Are the Three Time Estimates for a Task in a Project

question 42

Multiple Choice

Following are the three time estimates for a task in a project: optimistic completion time = 2 weeks
Most likely completion time = 4 weeks
Pessimistic completion time = 7 weeks
Compute the expected time for the task.

• A)3.5 weeks
• B)4.167 weeks
• C)5.23 weeks
• D)5.75 weeks

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Definitions:

Unsecured Bond

A bond that does not have specific assets as collateral, making it riskier than secured bonds, thereby relying on the issuer's creditworthiness.

Par Value

A nominal value of a security or stock set by the issuing company, which may not reflect its market value.

Premium

An amount paid for an insurance policy or the amount by which a bond or stock sells above its face value.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a predetermined call price.