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SQA Higher Applications of Mathematics Planning and Decision Making overview quiz quiz

15questions. Pick an answer and you'll see why right away.

  1. The minimum completion time of a project equals the length of which path through the network?

  2. What is the float of an activity on the critical path?

  3. Float is calculated as

  4. A project's two routes take 99 and 1313 days. The minimum completion time is

  5. Activity A occupies days 11 to 44 and B must follow A. On a Gantt chart B starts at the earliest on

  6. On a Gantt chart, two activities running in parallel appear as

  7. If two activities that could run in parallel must share a single team, the schedule

  8. What does PERT primarily focus on?

  9. The expected value of an option is calculated as

  10. An option gives £100\pounds 100 with probability 0.40.4 and £300\pounds 300 with probability 0.60.6. Its expected value is

  11. To choose between profit options on an expected-value basis, you pick the one with the

  12. On a decision tree, you reach the best choice by

  13. Two options have the same expected value but different spreads of outcomes. Expected value alone ignores

  14. An activity has earliest start day 66 and latest start day 66. The activity is

  15. To shorten a project's overall duration you must shorten an activity that is