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Consider a project that has been modeled as follows:
a.
Draw the PERT/CPM network for this project and determine project's expected completion time and its critical path.
b.
Can activities E and G be performed simultaneously without delaying the minimum project completion time?
c.
Can one person perform A, G, and I without delaying the project?
d.
By how much can activities G and L be delayed without delaying the entire project?
e.
How much would the project be delayed if activity G was delayed by 7 hours and activity L was delayed by 4 hours? Explain.
Margin of Error
An expression of the amount of random sampling error in a survey's results, indicating how much the survey results might differ from the true population value.
Confidence Level
The probability that the true parameter will fall within the confidence interval, expressed as a percentage.
Sample Size
The number of observations or datapoints that are used in a statistical sample.
Finite Population Correction Factor
A factor applied in sampling calculations to adjust for the size of the population when the sample size is a substantial fraction of the total population, to improve the estimation accuracy.
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