Question

In: Statistics and Probability

Which of the following statements are true and which are false:A discrete activity is one...

Which of the following statements are true and which are false:

    1. A discrete activity is one which does not provide a definitive end product and is measured by the passage of time.

    2. To account for the risk of predicting future profits, you would decrease the relative variance for those profits the further from your baseline year that they are.

    3. An activity’s float is the amount of time its start time or duration can be extended without affecting the start of the next task.

    4. Slack is a term coined by Professor Hall to indicate that a student ought to wake up and get this exam posted!

Solutions

Expert Solution

a) A discrete activity is one which does not provide a definitive end product and is measured by the passage of time. - FALSE

b) To account for the risk of predicting future profits, you would decrease the relative variance for those profits the further from your baseline year that they are. - TRUE

c) An activity’s float is the amount of time its start time or duration can be extended without affecting the start of the next task. - TRUE

d) Slack is a term coined by Professor Hall to indicate that a student ought to wake up and get this exam posted! - FALSE

orchestra answered 2 years ago
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