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

question 64

Multiple Choice

Below are the data for a Time-Cost CPM Scheduling 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 four days, what is the total time of the project and total cost?

• A)Total time is 10 days, total cost is $2500
• B)Total time is 9 days, total cost is $2300
• C)Total time is 8 days, total cost is $2750
• D)Total time is 8 days, total cost is $1850
• E)Total time is 9 days, total cost is $2350

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Definitions:

Confidence Interval

An interval of values, obtained from the analysis of sample data, which is probable to include the value of an unspecified population parameter, within a given level of certainty.

Population Proportion

The ratio of members in a population that have a particular characteristic to the total number of members in the population.

Confidence Level

A measure of how likely it is that a statistical estimate is correct, often expressed as a percentage indicating how confident one can be in the result.

Glutamic Acid

An amino acid used by the body to build proteins, also functioning as a neurotransmitter in the brain.