Consider the Network Described in the Table Below

question 32

Essay

Consider the network described in the table below.
a.Calculate the expected duration of each activity.
b.Calculate the expected duration and variance of the critical path.
c.Calculate the probability that the project will be completed in fewer than 30 time units.

---

Definitions:

CCA Class

Stands for Capital Cost Allowance Class, which is a categorization used in Canadian tax law for the purpose of calculating depreciation for tax purposes.

Borrowed Money

Funds that are loaned to an individual or business with an obligation to repay the amount plus interest.

Operating Lease

A lease agreement allowing the use of an asset without ownership, typically involving shorter-term rentals.

Residual Value

The estimated value that an asset will have at the end of its useful life.