A Project Whose Critical Path Has an Estimated Time of 820

question 83

Multiple Choice

A project whose critical path has an estimated time of 820 days with a variance of 225 has a 20% chance that the project will be completed before which day (rounded to nearest day) ?

• A) 631
• B) 689
• C) 807
• D) 833
• E) 1009

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Definitions:

Constant-Cost Industry

An industry where the input prices remain stable as the industry's output changes, leading to a linear supply curve because costs do not vary with the level of production.

Short Run

A period of time during which at least one input of production is fixed, limiting the ability of a firm to adjust its output levels fully.

Product Price

The amount of money required to purchase a specific product or service at a given time.