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Consider the following statements 1 In PERT it is assumed that...

This question belongs to Management Operations Research
Operations Research
?

Consider the following statements.
1. In PERT, it is assumed that the activity times follow the beta distribution.
2. In CPM, two time and cost estimates are made for each activity, which are called the optimistic and pessimistic estimates.
3. Time is the only variable used in PERT.
4. While in PERT the emphasise is on event, in CPM the emphasise is on activity.

Answer & Solution
Correct Answer: Option B
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