Below Are the Data for a Time-Cost CPM Scheduling Model

question 34

Multiple Choice

Below are the data for a Time-Cost CPM Scheduling model analysis.The time is in days and the costs include both direct and indirect costs.
If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

• A)Total time is 13 days, total cost is $1500
• B)Total time is 12 days, total cost is $2000
• C)Total time is 12 days, total cost is $2300
• D)Total time is 11 days, total cost is $1850
• E)Total time is 11 days, total cost is $2350

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Definitions:

Discrete Variables

These are variables that represent counts and can only take on distinct, separate values.

Specific Values

Specific values in finance typically refer to precise monetary figures associated with assets, liabilities, revenues, or expenses, crucial for accurate financial analysis and reporting.

Beta Coefficient

The beta coefficient measures a stock's relative volatility and risk compared to the market. It indicates how much the stock price is likely to change in response to market fluctuations.

Weighted Average

Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set, providing a measure that reflects their contributions.