An Activity Has an Optimistic Time Estimate of 17 Days,a

question 63

Multiple Choice

An activity has an optimistic time estimate of 17 days,a most likely estimate of 23 days,and a pessimistic estimate of 37 days.What is the variance of the activity?

• A)3.33
• B)6.66
• C)9.99
• D)11.11

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Definitions:

Public Project

A project typically financed and operated by the government designed to serve the public interest or provide a public good.

Majority Vote

A method of decision-making where the option that receives more than half of the votes wins.

Negative Externalities

Costs experienced by a third party not involved in a transaction, arising from production or consumption of goods and services.

Majority Voting

A decision-making process where the option that receives more than half of the votes cast by eligible voters is chosen.