A Simple Sequential Project (Each Task Must Be Completed Before

question 18

Multiple Choice

A simple sequential project (each task must be completed before the next one can begin) has the time estimates (in days) shown below: What is the probability that the project shown in Exhibit 15S-5 will be completed within 8.5 days? (Choose the closest answer.)

• A)80 percent
• B)20 percent
• C)75 percent
• D)5 percent

---

Definitions:

Negative Income Tax

A social support system where individuals with earnings below a specified threshold receive additional income from the government rather than contributing tax.

Earned Income Tax Credit

A refundable tax credit aimed at low- to moderate-income working individuals and families, particularly those with children, to reduce poverty and encourage work.

Working Poor

Individuals who have employment but their income levels are below the poverty threshold, making it difficult to meet basic needs.

Minimum Income

The lowest level of income deemed adequate for living at a basic standard.