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Consider the Following Work Breakdown Structure What Are the Estimated Standard Deviations (In Weeks) in the Duration

question 48

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Consider the following work breakdown structure:  Duration Estimate (Days)  Start  Finish  Activity  Node  Node  Optimistic  Most Likely  Pessimistic  A 1291521 B 13132123 C 246918 D 25233547 E 35192627 F 46232941 G 56142026 H 67258\begin{array}{r} \text { Duration Estimate (Days) }\quad \quad \quad \quad \\\begin{array}{lccccc} & \text { Start } & \text { Finish } \\\text { Activity } & \text { Node } & \text { Node } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\hline \text { A } & 1 & 2 & 9 & 15 & 21 \\\text { B } & 1 & 3 & 13 & 21 & 23 \\\text { C } & 2 & 4 & 6 & 9 & 18 \\\text { D } & 2 & 5 & 23 & 35 & 47 \\\text { E } & 3 & 5 & 19 & 26 & 27 \\\text { F } & 4 & 6 & 23 & 29 & 41 \\\text { G } & 5 & 6 & 14 & 20 & 26 \\\text { H } & 6 & 7 & 2 & 5 & 8\end{array}\end{array} What are the estimated standard deviations (in weeks) in the times for activities A-H?

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Definitions:

Economic Growth

The increase in a country's output of goods and services over time, reflecting improvements in the standard of living and the economy's health.

Deposit Insurance

A protection scheme for bank depositors that guarantees the safety of deposited funds up to a certain limit in the event of a bank failure.

Financial Risk

The possibility of losing money on an investment or business venture.

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