The float of an activity is The team is helping the project manager estimate activities on their project. They are experienced and skilled, and many members have been with the company for some time. There are several activities they need to estimate that has not been previously done by the company. What is the best method of estimating these activities? 1. Monte Carlo Analysus 2. Analogous estimating 3. Three-point estimating 4. Parametric estimatingdetermined by: 1. Performing a Monte Carlo analysis 2. Determining the waiting time between activities 3. Determining lag 4. Determining the length of time the activity can be delayed without delaying the critical path