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Consider the following PERT network,along with the completion times for each activity,in days.Use Crystal Ball to enumerate the completion times of all paths in the network.Typically,the longest path in the network dictates the project completion time.Use 1000 replications.
a.What is the average project completion time?
b.What is the probability that the project completion time will exceed 50 days?
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay.
International Trade
The exchange of goods, services, and capital among various countries and territories, crossing their international borders.
Absolute Advantage
The ability of a country, individual, or group to produce a good or service more efficiently than competitors, using fewer resources.
Microchips
Small semiconductor devices that contain electrical circuits capable of processing data or controlling devices and processes.
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