An activity in a network diagram has an optimistic time estimate of five days, a most likely time estimate of seven days, and a pessimistic time estimate of 15 days. Its expected time is eight days.

Question

Quizplus · Accepted Answer

The expected time estimate is calculated using the formula: 
Expected time = (optimistic time + 4 * most likely time + pessimistic time) / 6.

Plugging in the given values, we get: 
Expected time = (5 + 4 * 7 + 15) / 6 = 8 days.

Therefore, the statement is true.

An Activity in a Network Diagram Has an Optimistic Time