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Define Critical Path.
Critical Path: Computation of Earliest and Latest Values of the events of the specified network is as follows:-
Event EOT LOT
1 0 0
2 6 6
3 5 6
4 9 9
5 16 16
Therefore critical path is 1→ 2 → 4 → 5.
proof V=C((n/(n-1))^n)(r/(r*T+r)^n
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