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Use the Information in the Table (All Times Are in Days)to

question 28

Multiple Choice

Use the information in the table (all times are in days) to determine the lowest cost minimum completion time if the base cost for each activity finished in normal time is $1,000.  Normal Minimum Crash Cost ActivityTimeTime ($/day)   Predecessor A106$70B63$40C22BD42$60CE64$80AF85$90D,E\begin{array}{|l|l|l|l|l|} \hline&\text { Normal }&\text {Minimum}&\text { Crash Cost }\\ \text {Activity}&\text {Time}&\text {Time}&\text { (\$/day) }& \text { Predecessor }\\\hline \mathrm{A}& 10 & 6 & \$ 70 & -- \\ \hline\mathrm{ B} & 6 & 3 & \$ 40 & -- \\\hline \mathrm{C} & 2 & 2 & - & \mathrm{ B } \\\hline\mathrm{D} & 4 & 2 & \$ 60 &\mathrm{C } \\\hline \mathrm{E} & 6 & 4 & \$ 80 & \mathrm{ A } \\\hline \mathrm{F} & 8 & 5 & \$ 90 & \mathrm{D}, \mathrm{ E }\\\hline \end{array}

Understand the principles of choosing appropriate forecasting models for different time series patterns.
Understand the concept and application of the simple exponential smoothing model in forecasting.
Comprehend the components and interpretation of the double forecasting model.
Grasp the principles and use of the seasonal additive model in forecasting.

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