The Following Information Is the Basis for the Next Three

question 2

Multiple Choice

The following information is the basis for the next three questions.
Jim and Carol Spalding have a crack in their waterline and need to replace it. This will require digging up the water line, replacing it, filling the hole, leveling the soil, and re-seeding the grass. The Spalding's plumber suggests that, since they have the well dug up, they should replace the foot valve in the well also. Below are the plumber's estimates of the time in hours) necessary to perform each of the activities required.
$$\begin{array} { | c | l | c | c | c | c | } \hline \text { Activity } & \text { Description } & \text { Predeces sor } & \text { Optimistic } & \text { Most Lik ely } & \text { Pessim istic } \\\hline \text { A } & \text { Digging } & - & 2 & 3 & 4 \\\hline \text { B } & \text { Replace line } & \text { A } & 1 & 1.5 & 2 \\\hline \text { C } & \text { Replace foot valve } & \text { B } & .5 & 1 & 1.5 \\\hline \text { D } & \text { Fill hole } & \text { C } & 1.5 & 2 & 5.5 \\\hline \text { E } & \text { Level soil } & \text { D } & .5 & 1 & 1.5 \\\hline \text { F } & \text { Reseed lawn } & \text { E } & .4 & .5 & .6 \\\hline \end{array}$$

-The plumber has scheduled another small job at 6:00 p.m. If it takes 1/2 hour to drive from the Spalding's to the other job, what is the probability the plumber will be able to make the 6:00 p.m. appointment on time?

• A) 63%
• B) 75%
• C) 89%
• D) 95%
• E) 99%

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Definitions:

Assembly Costs

Assembly costs are the expenses incurred during the process of putting together components or parts to manufacture a finished product.

Freight Costs

Freight costs are the charges involved in the transportation of goods from one place to another, often resulting from shipping or logistic operations.

Machine

A piece of equipment, generally powered mechanically, electrically, or digitally, used in the manufacturing or productive process.

Equipment Account

An account on the balance sheet that reports the value of equipment a company owns, less any accumulated depreciation.