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NEW QUESTION: 1
A manufacturing client has asked for a Proof of Concept on production scheduling. What is the first thing the technical seller will need to work on?
A. Determine the components that need to be licensed and their sizing.
B. Start working on a first version of the mathematical model to better assess the complexity.
C. Ensure that there is a clear agreement on objectives, expected outcomes and the responsibilities of each party.
D. Find out when all required data will be available.
Answer: C

NEW QUESTION: 2
In variable universal life (VUL) policies the maximum premium standard set was:
A. None of these
B. To define a maximum cash value per death benefit and to define a maximum premium for a given death benefit
C. To define a minimum cash value per death benefit and to define a moderate premium for a given death benefit
D. To define a maximum cash value per death benefit and to define a moderate premium for a given death benefit
Answer: B

NEW QUESTION: 3
When using PERT Program Evaluation Review Technique), the expected time for an activity when given an optimistic time A), a pessimistic time B), and a most likely time m) is calculated by which one of the following formulas?
A. b - a) =2
B. a + 4m +b) =6
C. a + b) =2
D. 4 abm) =6
Answer: B
Explanation:
PERT was developed to aid managers in controlling large, complex projects. PERT analysis includes probabilistic estimates of activity completion times. Three time estimates are made: Optimistic, most likely, and pessimistic. The time estimates for an activity are assumed to approximate a beta probability distribution. PERT approximates the mean of the beta distribution by dividing the sum of the optimistic time, the pessimistic time, and four times the most likely time by six.