The Estimated Mean Time for an Activity with a Most

question 93

Multiple Choice

The estimated mean time for an activity with a most likely time (m) equal to 12 weeks,an optimistic time (a) equal to 9 weeks,and a pessimistic time (b) equal to 18 weeks is

• A)13.0 weeks.
• B)12.75 weeks.
• C)12.5 weeks.
• D)9.0 weeks.

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Definitions:

Spending Variance

The difference between the actual spending and the budgeted or planned spending in a given period.

Catering Supplies

Items and ingredients needed for preparing and serving food in a catering setup.

Jobs

Individual units or projects within job costing systems, where costs are tracked separately to determine profitability.

Meals

Food that is prepared and served to individuals or groups, often at set times of day.