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If the Pessimistic Duration of an Activity Is 24,the Most

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Short Answer

If the pessimistic duration of an activity is 24,the most likely duration is 15 and the optimistic duration is 6,what is the variance for the activity time when using CPM analysis?

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Definitions:

Goods-In-Bailment Contract

An agreement where personal property is transferred temporarily into the custody of another for a designated purpose.

Negotiable Document

A document guaranteeing the transfer of certain rights which can be transferred from one party to another through endorsement or delivery.

Nonnegotiable Document

A legal or official document whose terms and conditions cannot be altered or bargained over.

Good-Faith Purchaser

A buyer who purchases property without knowledge of any claims, liens, or encumbrances on the property.

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