Question
Download Solution PDFFor a project activity, the optimistic, the pessimistic and the most likely times are 4, 14 and 6 days respectively. Its average time is ________
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 7 days.
Key Points To calculate the average time for a project activity using the three-point estimation method, you can use the following formula:
Average Time = (Optimistic Time + 4 * Most Likely Time + Pessimistic Time) / 6
In this case, the optimistic time is 4 days, the pessimistic time is 14 days, and the most likely time is 6 days. Plugging these values into the formula, we get:
Average Time = (4 + 4 * 6 + 14) / 6
Average Time = (4 + 24 + 14) / 6
Average Time = 42 / 6
Average Time = 7
Therefore, the average time for the project activity is 7 days.
Last updated on Jun 12, 2025
-> The UGC NET June 2025 exam will be conducted from 25th to 29th June 2025.
-> The UGC-NET exam takes place for 85 subjects, to determine the eligibility for 'Junior Research Fellowship’ and ‘Assistant Professor’ posts, as well as for PhD. admissions.
-> The exam is conducted bi-annually - in June and December cycles.
-> The exam comprises two papers - Paper I and Paper II. Paper I consists of 50 questions and Paper II consists of 100 questions.
-> The candidates who are preparing for the exam can check the UGC NET Previous Year Papers and UGC NET Test Series to boost their preparations.