A Company Has a PERT Project with Path B-D-E-G-I That

question 24

Essay

A company has a PERT project with path b-d-e-g-i that has these activity time estimates in days:

a.What is the expected duration for activity "e"?
b.What is the variance for activity "b"?
c.What is the standard deviation of the path?

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Definitions:

Contractual Relationship

A legal bond formed between parties through a contract, entailing mutual rights and obligations.

Partnership Registration

The process of legally declaring a partnership to ensure it's recognized by law and able to conduct business.

Limited Liability

A legal structure where a person's financial responsibility is bounded to the amount invested in a business, protecting personal assets from company debts.

Professional Duties

Obligations that individuals in certain professions must follow based on standards of their profession and ethical guidelines.