An Activity Has an Optimistic Time Estimate of Three Days,a

question 4

Multiple Choice

An activity has an optimistic time estimate of three days,a most likely time estimate of eight days,and a pessimistic time estimate of ten days The expected duration of this activity is:

• A)7 0 days
• B)7 5 days
• C)8 0 days
• D)8 5 days
• E)10 0 days

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Definitions:

Autarky Price

The price of a good or service in a closed economy that does not engage in trade with other economies.

Slope

A measure of how steep a line or curve is. The slope of a line is measured by “rise over run”—the change in the y-variable between two points on the line divided by the change in the x-variable between those same two points.

Absolute Value

The value of a number without regard to a plus or minus sign.

Horizontal Change

Alterations or movements that occur parallel to the x-axis in a coordinate system, often reflecting changes over time.