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:
Market Interest Rate
The prevailing rate at which borrowers are willing to borrow money and lenders are willing to lend in the market, often influenced by the central bank's policies.
Investment
The act of allocating resources, usually money, in the expectation of generating an income or profit.
Opportunity Costs
The cost of what is forgone in order to pursue a certain action, representing the benefits you could have received by taking an alternative action.
Rate of Return
The gain or loss of an investment over a specified period, expressed as a percentage of the investment's cost.
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