A Gentleman Farmer Maniacally Works on Academic Projects to Raise

question 54

Multiple Choice

A gentleman farmer maniacally works on academic projects to raise funds for his true passion, farming. He has identified seven tasks and developed three time estimates (all in days) of the next big project on the farm, replacing the fence at the comedy pasture. Tasks, precedence requirements, and time estimates are shown in the table. What is the probability that the project takes more than 34 days?

• A) 0.788
• B) 0.212
• C) 0.945
• D) 0.055

---

Definitions:

Operating Income

Earnings from a company's core business operations, excluding expenses and revenues from investments and other non-operational activities.

Variable Costing

An accounting method that only allocates variable production costs to products, excluding fixed costs.

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Operating Income

The profit realized from a business's core operating activities, excluding costs and revenues from non-operating activities.