A PERT/CPM Activity Has an Optimistic Time Estimate of 3

question 115

Multiple Choice

A PERT/CPM activity has an optimistic time estimate of 3 days, a most likely time estimate of 8 days, and a pessimistic time estimate of 10 days. The expected time (in days) of this activity is:

• A) 7.0
• B) 7.5
• C) 8.0
• D) 8.5

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Definitions:

Corporate Managers

Individuals in charge of managing a corporation's affairs, making strategic decisions, and ensuring operational efficiency.

Corporate Owners

Individuals or entities that legally own one or more shares of stock in a corporation, giving them rights to its assets and profits.

Agents

Individuals or entities that act on behalf of others in business transactions or negotiations.

Principals

Key stakeholders or the main parties involved in a financial transaction or agreement.