The pessimistic time and optimistic time of completion of an activity are given as 10 days and 4 days respectively. Then the variance of the activity is
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Be careful not to confuse standard deviation with variance!
- $\text{Standard Deviation} = \frac{t_p - t_o}{6}$
- $\text{Variance} = \left(\frac{t_p - t_o}{6}\right)^2$
Always make sure to square your result when a question asks for the variance.
Step 1: Recall the PERT spread rule.
PERT treats the six unit spread between the pessimistic time \( t_p \) and the optimistic time \( t_o \) as covering the practical range of an activity's duration, so the standard deviation is
\[ \sigma = \frac{t_p - t_o}{6} \]
Step 2: Plug in the given times and square the result.
Here \( t_p = 10 \) days and \( t_o = 4 \) days, so
\[ \sigma = \frac{10 - 4}{6} = 1 \text{ day} \]
and the variance is simply this value squared,
\[ \boxed{\sigma^2 = 1^2 = 1} \]
which matches option 4.