If the Most Optimistic Time for Completing an Activity Is

question 93

Multiple Choice

If the most optimistic time for completing an activity is 8,the most likely time is 12,and the most pessimistic time is 20,then the estimated time for the activity is ______.

• A)12.7
• B)14.9
• C)18.2
• D)6.7

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Definitions:

Promissory Note

A financial tool comprising a formal agreement where one entity commits to paying a specific amount of money to another entity, either upon request or at a predetermined date in the future.

Time Extension

An additional period of time given to complete a task or fulfill an obligation that extends beyond the original deadline.

Charge Customer

To bill a customer for goods or services provided, creating an obligation for payment.

Accrued Interest

Interest that has been earned but not yet received or recorded in the accounts.