Which of the Following Descriptions Regarding Critical Path Analysis/PERT Charts

question 49

Multiple Choice

Which of the following descriptions regarding critical path analysis/PERT charts is true?

• A)The first step in preparing a PERT chart is assigning time estimates to each activity.
• B)The illustration of the relationship comes before the calculation of earliest start time and latest finish time.
• C)The identification of any slack comes before the calculation of earliest start time and latest finish time.
• D)Assigning time estimates to each activity comes after the identification of any slack.

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Definitions:

Expected Mean

The average value expected across a distribution based on probability calculations, often used in statistical analysis.

Portfolio

A mix of financial assets, involving equities, bond certificates, natural commodities, immediate cash, and quasi-cash instruments, along with mutual funds and ETFs.

Expected Returns

The average return anticipated on an investment, taking into account the probabilities of each possible outcome.

Standard Deviations

A statistic that measures the dispersion or spread of a set of data points in relation to their mean.