Given the project within the table below,calculate the following:
a.The critical path
b.The minimum project duration
c.The amount of slack for each activity
Definitions:
Arithmetic Average Return
The simple mean of a set of returns, calculated by summing the returns over a period and dividing by the number of periods.
Nominal Return
The amount of money gained or lost on an investment, without adjusting for inflation, as opposed to the real return which is adjusted for inflation.
Real Rate
The interest rate adjusted for inflation, representing the true cost of borrowing or the true return on investment.
Variance
A statistical measurement of the dispersion of a set of values, indicating how much the numbers in the set deviate from the mean or average of the set.
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