A Project Has Three Paths and a Desired Completion Time

question 49

Multiple Choice

A project has three paths and a desired completion time of 43 days.The first path has a 70 percent probability of being completed in 43 days.The second has an 85 percent probability and the third haws a 90 percent probability.What is the probability that the project will be completed on time?

• A)53.55 percent
• B)70 percent
• C)90 percent
• D)99.55 percent

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Definitions:

Environmental Scan

The process of systematically analyzing external opportunities and threats that could affect the organization's success.

Predictive Information Extraction

The use of algorithms and models to analyze historical data in order to make predictions about future trends, behaviors, or outcomes.

Absolute Value

Absolute value refers to the non-negative value of a number without regard to its sign; it's the distance of a number from zero on a number line.

Experiment

A method of testing hypotheses by deliberately manipulating variables in a controlled environment to observe and measure the effect on certain outcomes.