Determine the Amount of Slack in Each of a Project's

question 87

Essay

Determine the amount of slack in each of a project's activities (presented below), and identify those that are on the critical path. $$\begin{array} { l l l } \text { Activity } & \text { Precedes } & \text { Est. Duration (wks) } \\\hline \text { Start } & \text { a, e } & 0 \\\text { a } & \text { c, d } & 4 \\\text { e } & \text { f } & 9 \\\text { f } & \text { g } & 5 \\\text { d } & \text { g } & 2 \\\text { c } & \text { end } & 6 \\\text { g } & \text { end } & 3\end{array}$$

Understand various types of probability (classical, empirical, subjective, conditional).

Calculate simple probabilities and understand their real-world applications.

Apply principles of probability to evaluate outcomes of specific events.

Differentiate between dependent and independent events.

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Definitions:

Electronic Transfer

The digital movement of funds from one account to another, either within the same financial institution or between different ones.

Beneficiary

An person or entity designated to receive benefits or assets under a legal arrangement or instrument, such as a will, trust, or insurance policy.

Image Replacement Document

A document that substitutes for the original through the use of photographs or scanned copies, often used when the original is lost or inaccessible.

Substitute Check

A paper reproduction of both sides of an original check that can be processed electronically.