The Following Table of Probabilistic Time Estimates (In Weeks)and Activity

question 68

Multiple Choice

The following table of probabilistic time estimates (in weeks) and activity predecessors are provided for a project.

Table 9.2
-Using Table 9.2,the expected time to complete activity A is

• A)5.00 weeks.
• B)7.33 weeks.
• C)7.67 weeks.
• D)8.00 weeks.

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Definitions:

Term Loan

A loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate.

Annual Payments

Regular payments made once a year, often used in the context of loans, leases, or annuities.

Certificate of Deposit

A savings certificate with a fixed maturity date and fixed interest rate, issued by banks to individuals desiring to save money for a fixed period.

Compounded Annually

The process of calculating interest and adding it to the principal sum of a deposit or loan once per year.