You Have Just Used the Network Planning Model and Found

question 13

Multiple Choice

You have just used the network planning model and found the critical path length is 60 days and there are two critical paths. The standard deviation of the first critical path is 10 days and the s.d. of the second critical path is 15 days. The probability that the project will be completed in 70 days or less is equal to (2 decimal accuracy)

• A) 0.84
• B) 0.25
• C) 0.16
• D) 0.75
• E) 0.66

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Definitions:

Variable Costs

Charges that adjust based on the volume of production or sales, such as labor and materials expenses.

Variable Costs

Variable costs are expenses that change in proportion to the activity of a business, such as the cost of raw materials used in production.

Activity Level

A measure of the volume of production or business actions, often influencing cost behavior and managerial decisions.

Rental Charges

Costs associated with leasing or renting property or equipment.