Table 39
All Activity Times for the Project Are in Weeks

question 132

Multiple Choice

Table 3.9
All activity times for the project are in weeks.
$$\begin{array} { | c | c | c | c | c | } \hline \text { Activity } & \begin{array} { c } \text { Optimistic } \\\text { Time }\end{array} & \begin{array} { c } \text { Most Likely } \\\text { Time }\end{array} & \begin{array} { c } \text { Pessimistic } \\\text { Time }\end{array} & \begin{array} { c } \text { Immediate } \\\text { Predecessor(s) }\end{array} \\\hline \text { A } & 3 & 4 & 5 & \cdots \\\text { B } & 5 & 7 & 9 & - \\\text { C } & 2 & 3 & 10 & \text { A } \\\text { D } & 2 & 5 & 8 & \text { B } \\\text { E } & 1 & 7 & 7 & \text { B } \\\text { F } & 3 & 5 & 7 & \text { C,D } \\\text { G } & 7 & 8 & 9 & \text { D,E } \\\text { H } & 2 & 6 & 10 & F \\\hline\end{array}$$
-Using Table 3.9,what is the probability that the project will be completed in 24 weeks or less? You will need to refer to a standard normal table to answer the question.

• A) less than or equal to 55%
• B) greater than 55% but less than or equal to 65%
• C) greater than 65% but less than or equal to 75%
• D) greater than 75%

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Definitions:

Money Supply

The sum of all financial resources present in an economy at a given moment, encompassing currency, deposits in banks, and other assets that can be quickly converted into cash.

Federal Reserve

The principal banking authority in the United States, responsible for overseeing the nation's financial and monetary systems.

Reserve Requirement

The reserve requirement is a central banking regulation that sets the minimum amount of reserves that must be held by a commercial bank, not to be loaned out, to ensure bank liquidity and stability.

Open Market Sale

The sale of government bonds by the central bank to reduce the money supply in the economy.