The Estimated Mean Time for an Activity with a Most

question 16

Multiple Choice

The estimated mean time for an activity with a most likely time (m) equal to 11 days,the optimistic time (a) equal to 6 days,and the pessimistic time (b) equal to 18 days is

• A)9.67 days.
• B)11 days.
• C)11.33 days.
• D)11.67 days.

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Definitions:

Straight-Line Method

A method of calculating depreciation of an asset evenly across its useful life, where the same amount is expensed each year.

Accumulated Depreciation

The cumulative total of depreciation charges applied to a fixed asset from the time of its acquisition.

Machinery

Machines or automated systems used in the manufacturing process or to carry out various tasks. Machinery is considered a long-term, fixed asset in accounting.

Straight-Line Method

A depreciation method that allocates the cost of an asset evenly over its useful life.