A network consists of the following list.Times are given in weeks.
a.Draw the network diagram.
b.Calculate the expected duration and variance of each activity.
c.Calculate the expected duration and variance of the critical path.
d.Calculate the probability that the project will be completed in less than 28 weeks.
Definitions:
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use doesn't reduce its availability to others.
Total Damage
The cumulative harm or loss resulting from an action or event, encompassing both material and immaterial impacts.
Market Level
A term denoting the scope or extent of a given market, which can range from local to global, affecting strategies and operations of businesses within.
Externality
A consequence of an economic activity experienced by unrelated third parties; can be positive or negative, affecting others not involved in the transaction.
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