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

question 74

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 probability that the project will take longer than 33 weeks to complete is approximately

• A)0.19.
• B)0.32.
• C)0.68.
• D)0.81.

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Definitions:

Accounting Break-Even

The point at which total revenues equal total expenses, resulting in neither profit nor loss.

Fixed Costs

Expenses that do not change based on the level of production or sales.

Required Return

The minimum expected yield by investors for providing capital to a company, considering the investment’s risk level; another perspective on the return investors seek for risk-taking.

Caster

The forward or rearward tilt of the kingpin centerline to vertical when viewed from the side. Zero caster indicates that the kingpin is located at true vertical. Positive caster occurs when the kingpin tilts rearward (leans behind) and negative caster occurs when the kingpin tilts forward.