Use This Information to Answer the Following Questions

question 51

Multiple Choice

Use this information to answer the following questions.
Consider the following Activity-On-Node (AON) PERT project.The three values that represent each activity's completion time (in days) correspond to an optimistic time,most likely time,and pessimistic time,respectively.

-Refer to the figure.What is the expected completion time of activity A?

• A)3
• B)4
• C)5
• D)2)7
• E)2)5

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Definitions:

Money Market

A section of the financial market where short-term financial assets with high liquidity are traded.

Interest Rate

The amount charged by lenders as a percentage of the principal, or the amount earned on deposits over a specified period.

Equilibrium Value

The point at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.

Opportunity Cost

Whatever must be given up to obtain some item.