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.

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Definitions:

Expected to Expire

Refers to assets or rights that have a limited time frame before they cease to be valid.

Warrant

A financial instrument that gives the holder the right to purchase a company's stock at a specific price before a certain date.

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a specified amount of an underlying asset at a predetermined price within a specified time frame.

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuer's equity shares.