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Question: homework 3 due before 25 the expected monetary value emv...

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Homework 3 (Due before 2/5): The expected monetary value (EMV) of a decision is $25,000. The decision can lead to three different outcomes (A, B, and C). The payoffs in the three outcomes are $12,500, $25,800, and $40,000. If the outcome B is twice as likely to occur as C, then determine the probability of each outcome. Chapter 3 Question 4 (Due before): A network consists of the following activities. The activity times (duration) are given in weeks. ActivityPreceding Duration 12
C,F G, I E, J 6 a. Draw a network diagram that links these activities according to the predecessor relationship b. Which activities form the critical path/s? Use the critical path method (CPM) approach. c. Calculate the slack values for all the activities (A to K). d. What is the duration of the critical path/project?
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