Use the Values in the Table to Calculate Activity Durations

question 97

Essay

Use the values in the table to calculate activity durations and variances for the project.What is the likelihood of finishing this project within 47 days?
$$\begin{array} { | l | l | l | l | l| } \hline \text { Activity } & \text { Predecessor } & \text { Optimistic } & \text { Likely } & \text { Pessimistic } \\\hline \mathrm { A } & - & 5 & 8 & 11 \\ \hline\mathrm { B }&\mathrm { A } & 15 & 20 & 25 \\\hline \mathrm { C } & \mathrm { A } & 7 & 9 & 12 \\\hline \mathrm { D } & \mathrm { A } & 12 & 16 & 20 \\\hline \mathrm { E } & \mathrm { B } , \mathrm { D } & 3 & 11 & 15 \\\hline \mathrm { F } & \mathrm { C } & 13 & 17 & 22 \\ \hline \mathrm { G } & \mathrm { CE } , \mathrm { F } &8 & 9 & 10\\\hline\end{array}$$

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Definitions:

Equilibrium Quantity

The amount of goods or services available that matches the amount desired by consumers at the price where supply and demand balance.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Tax Imposition

The act of placing a financial charge or levy upon a taxpayer by a governmental organization.

Buyers

Individuals or entities that purchase goods or services from sellers in exchange for money or other valuable considerations.