Use This Information to Answer the Following Questions -Refer to the Information Above

question 41

Essay

Use this information to answer the following questions.
A university needs to prepare a banquet for its graduating seniors.The following information describes the relationships between the activities that need to be completed for this banquet.
$$\begin{array} { c l l } & \text { Immediate } \\\text { Activity } & \text { Predecessors } \\ \text { A } & - \\\text { B } & - \\\text { C } & \text { A, B } \\\text { D } & \text { C } \\\text { E } & \text { C } \\\text { F } & \text { D, E } \\\text { G } & \text { E } \\\text { H } & \text { F, G }\end{array}$$
-Refer to the information above.Assume that the catering manager was able to estimate the number of hours needed to complete each activity as follows.
$$\begin{array} { c c c c } \text { Activity } & \text { Optimistictime } & \text { Most Likely Time } & \text { Pessimistic Time } \\ \text { A } & 2 & 3 & 5 \\\text { B } & 4 & 6 & 7 \\\text { C } & 3 & 4 & 5 \\\text { D } & 2 & 3 & 5 \\\text { E } & 1 & 2 & 3 \\\text { F } & 5 & 7 & 11 \\\text { G } & 6 & 8 & 9 \\\text { H } & 4 & 6 & 7\end{array}$$
Determine the probability that the project will be completed in
a.Less than 25 hours.
b.Greater than 25 hours.
c.Less than 27 hours.
d.Greater than 27 hours.

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Definitions:

S Corporation

A specific kind of corporation in the U.S. that conforms to certain Internal Revenue Code criteria, which permits it to distribute income directly to its shareholders, thereby bypassing the double taxation issue.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction, often seen in international business where income is taxed in both the source and the resident country.

Secured Bond

A bond backed by collateral to decrease the risk of default.

Due Process

A fundamental legal principle that ensures fair treatments and procedures are followed by the government before depriving a person of life, liberty, or property.