The variance for this activity is mathematically given as
Var=0.026
<h3>What is the variance for this activity?</h3>A data set's variance may be seen as a measurement of the spread that exists between the individual integers. When evaluating the asset allocation of a portfolio, investors employ an expression known as the variance equation.
After careful consideration of the table given in the question, we have that
Pessimistic time tp=2
optimistic time to=1
most likely time tm=1.5
Generally, the equation for variance is mathematically given as
Therefore
Var=0.026
In conclusion, the variance for this activity
Var=0.026
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