An Activity Has an Optimistic Time of 16, a Most

question 38

Multiple Choice

An activity has an optimistic time of 16, a most likely time of 25, and a pessimistic time of 40. What is the variance for the activity?

• A) 15 − 20
• B) 20.01 − 25
• C) 25.01 − 30
• D) 30.01 − 35
• E) Over 35

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Definitions:

Roth Retirement Plan

A type of retirement savings plan where contributions are made with after-tax dollars, and qualified withdrawals in the future are tax-free.

Income Growth

The increase in the amount of money earned from investments or employment over time, reflecting economic expansion or personal financial improvement.

Effective Tax Rate

The average rate at which an individual or corporation is taxed, calculated by dividing the total tax paid by the taxable income.

401k Plan

A retirement savings plan sponsored by an employer allowing employees to save and invest a portion of their paycheck before taxes are taken out.