A Local Project Being Analyzed by PERT Has 42 Activities

question 125

Multiple Choice

A local project being analyzed by PERT has 42 activities, 13 of which are on the critical path. If the estimated time along the critical path is 105 days with a project variance of 25, what is the probability that the project will be completed in 95 days or more?

• A) -0.40000
• B) 0.02275
• C) 0.34444
• D) 0.97725
• E) 4.20000

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Definitions:

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Interest

The cost of borrowing money, typically expressed as an annual percentage of the loan amount.

Months

Refers to each of the twelve distinct periods into which a year is divided, commonly used to measure periods of time in calendars.

Principal

The original amount of money invested or lent, before interest or earnings are added.