In Evaluating Time-Cost Trade-Offs, We Start by Crashing the Task

question 9

Multiple Choice

In evaluating time-cost trade-offs, we start by crashing the task on the critical path that:

• A)Has the lowest cost to reduce by one unit of time.
• B)Has the lowest total crash cost.
• C)Can be reduced the most.
• D)Is the longest.
• E)None of the these.

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Definitions:

Sample Mean

The average computed from a sample set of data, representing the central tendency or typical value of the sampled population.

Median

The middle value in a data set, which divides the set into two equal halves.

Extreme Values

Data points that are significantly higher or lower than the majority of a data set, often considered as outliers or anomalies.

Variance

A statistic that represents the extent to which a set of numbers is spread out, calculating the average of the squared differences from the Mean.