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A project team has a construction plan containing activities with uncertain durations, including precedence constraints. After running a simulation of this plan 50 times, the
A project team has a construction plan containing activities with uncertain durations, including precedence constraints. After running a simulation of this plan 50 times, the mean duration was found to be 200 days, and the standard deviation was found to be 10 days. Can we say, with 95% confidence, that the true mean duration is not 205 days? What about with 99% confidence? Please justify your answers
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