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Suppose the length of critical path in a project is 40 days and the standard deviation is 2 days. What due date should be set for the project so that the probability of completing the project is 95%? Round the answer to the nearest higher integer.
1. A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier charges $20 per stone, annual carrying costs are 50%, and the cost of processing orders is $40.
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The "ends" of the project should be clearly explained, measured, and communicated, prior to the "means" being decided
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