A PERT/CPM Activity Has an Optimistic Time Estimate of Three

question 25

Multiple Choice

A PERT/CPM activity has an optimistic time estimate of three days, a most likely time estimate of eight days, and a pessimistic time estimate of 10 days. The expected time (in days) of this activity is

• A)7.0.
• B)7.5.
• C)8.0.
• D)8.5.
• E)10.0.

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Definitions:

Market Anomalies

Instances where financial markets deviate from the expected or normal behavior, often leading to unexpected investment opportunities.

Advertising

The activity or profession of producing advertisements for commercial products or services, aiming to influence the buying behavior of consumers.

Inform Customers

The act of providing customers with necessary or relevant information about products, services, or changes in a timely and clear manner.

Planned Purchases

Buying decisions made after careful consideration and planning, often involving budgeting and research.