Question: Please give the correct answer. 1. a. In project management, PERT typically relies on the assumption that individual activity completion times follow a beta distribution.

Please give the correct answer. 1. a. In project
Please give the correct answer. 1. a. In project management, PERT typically relies on the assumption that individual activity completion times follow a beta distribution. However, the overall PERT critical path completion time is assumed to follow a normal distribution because of the central limit theorem. True or False b. Company X sells 30,000 templates per year. The company orders templates 6 times per year and sells templates at a constant rate. If the company maintains no safety stock, the average inventory level of templates is 2,500. True or False c. In the process of an economic order quantity (EOQ) inventory analysis, if the holding cost for an item double, and all other parameters remain unchanged, the order quantity will remain unchanged, and the reorder point with increase. True or False d. Simulations are normally written in BASIC. True or False e. It is usually difficult to experiment with a simulation model once it has been written. True or False f. A quality control manager uses statistical process control to monitor a key step in a production process. The control chart has been designed with three-sigma limits. A sample is taken and analyzed, and the resultant point exceeds one of the control limits established on the chart. The quality control manager concludes that the process is in control as this extreme observation from the sample is a sampling error. What percent of the time will this occur

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