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Consider the following statements:
PERT considers the following time estimates
a. Optimistic time
b. Pessimistic time
c. Most likely time
The variance of the completion time for a project is the sum of variances of
The probability distribution of activity times in PERT follows following distribution
The probability distribution of project completion in PERT follows following distribution
If t o , t m and tP represent the optimistic, most probable and pessimistic time for a project, then by probability analysis, most probable expected time tE =
A PERT activity has an optimistic time estimate of 3 days, pessimistic time estimate of 8 days, and a most likely time estimate of 10 days. What is the expected time of this activity?
30 videos|40 docs|30 tests
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30 videos|40 docs|30 tests
|