Which of the Following Statements Regarding PERT Times Is True

question 5

Multiple Choice

Which of the following statements regarding PERT times is true?

• A) The expected time is an estimate of the time an activity will require if everything goes as planned.
• B) The optimistic time estimate is an estimate of the maximum time an activity will require.
• C) The expected time estimate is calculated as t = (a + 4m + b)/6.
• D) The pessimistic time estimate is an estimate of the minimum time an activity will require.
• E) The most likely time estimate is an estimate of the maximum time an activity will require.

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a set of rules governing the sale of goods between parties in different countries.

Commercial Parties

Entities involved in the exchange of goods or services within a commercial or business setting, typically companies or professionals.

Merchant

Under the Uniform Commercial Code, one who regularly deals in goods of the kind sold in the contract at issue, or holds himself out as having special knowledge or skill relevant to such goods, or who makes the sale through an agent who regularly deals in such goods or claims such knowledge or skill.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, aiming to standardize regulations across states to facilitate easier commerce.