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A project was planned using PERT with three time estimates. Times expected completion times of the project was determined to be 36 weeks. The variance of critical path is 25
A) What is the probability that the project will be finished in 32 weeks or less?
B) What is the probability that the project takes longer than 36 weeks?
C) What is the probability that the project will be finished in 42 weeks?
D) What is the probability that the project will take longer than 45 weeks?
E) The project manager wishes to set the due date for the completion of the project so that there is a 90% chance of finishing on schedule. Thus, there would only be a 10% chance the project would take longer than this due date what should this due date be?
Illustrate what is the total cost of finding a new plot of grass and getting y units of grass from it.
What lessons can we learn from the Chad-Cameroon Oil Pipeline and the Lesotho Highlands Water projects? What corrective measures should be taken?
If today is Year 0, what is the future value of the following cash flows 10 years from now? Assume an interest rate of 6.9 percent per year.
Under perfectly competitive conditions, marginal revenue is. A firm's break-even point occurs where. Consumer surplus is the area above the demand curve and below the equilibrium price. Perfect competition assumes that all products are identical and ..
?The interest rate is the price paid for use of a: If income increases more rapidly than expected, then:
Describe how the system converges to its new equilibrium. What happens to the equilibrium wage in the long run? What happens to the equilibrium population size in the long run?
the set of efficient trades these individuals would rationally make. One of the points on the set of efficient trades you illustrated in your diagram will be a competitive equilibrium.
In the long run, both monopolistically competitive and prefectly competitive firms attain
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Explain why, when the price of good changes, the price elasticity of demand is likely to be higher or lower as a longer period of time elapses. Consider as an example the OPEC oil price increases in the 1970s.
Assuming that each choice results in the same production costs once installed, under what choice is the firm likely to encounter a greater likelihood that its competitors will also expand their capacities?
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