The Most Pessimistic Time for a Task Is 9 Months

question 73

Multiple Choice

The most pessimistic time for a task is 9 months.The most optimistic time for the same task is 7 months.What is the variance,in months,for the duration of the activity?

• A)0.01
• B)0.11
• C)1.01
• D)2.31

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Definitions:

Imported Wine

Wine that is brought into a country from abroad for sale.

Production Possibilities Curves

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when its resources are fully and efficiently utilized.

Trade

The exchange of goods, services, or both between two or more parties, either within an economy or between economies.

Consumption Possibilities

The range of goods and services that can be consumed given a consumer's income and prevailing prices.