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If the electric company is allowed by regulators to earn only a normal profit, it will produce at the point where
Activity Times
Duration estimates for how long individual tasks within a project or process will take to complete.
PERT Times
Estimated durations for activities involved in a project, used in the Program Evaluation and Review Technique for planning and scheduling.
Optimistic Time
The “best” activity completion time that could be obtained in a PERT network.
Probable Time
An estimate of the amount of time that might reasonably be expected to be needed to complete a specific task or project.
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