PERT Assumes That the Statistical Variation in Total Project Completion

question 17

True/False

PERT assumes that the statistical variation in total project completion times can be computed by adding the standard deviations along the critical path.

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Definitions:

Efficient Markets Hypothesis

A theory stating that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the overall market.

Semistrong-Form

Part of the Efficient Market Hypothesis that asserts all publicly available information is reflected in asset prices, including historical data and all public disclosures.

Expected Return

The average return anticipated on an investment, factoring in the probabilities of each possible outcome.

Constant Rate

A fixed percentage or value used in calculations, often assumed in models forecasting growth or decay over time.