An Activity Has an Optimistic Time Estimate of 25 Days,a

question 49

Multiple Choice

An activity has an optimistic time estimate of 25 days,a most likely estimate of 29 days,and a pessimistic estimate of 34 days.What is the expected duration of the activity?

• A)Less than 31 days but greater than or equal to 29 days
• B)Less than 29 days but greater than or equal to 27 days
• C)Less than 27 days but greater than or equal to 25 days
• D)Less than 25 days

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Definitions:

March Put

A put option contract with a expiration date in March, allowing the holder to sell an asset at a pre-specified price.

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase a stock, commodity, or other asset at a specified price within a specified time.

Exercise Price

The predetermined price at which the holder of an option can buy (call) or sell (put) the underlying security or commodity.

Put Option

A financial contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a set price before or on a specified date.