A key advantage of variable annuities is that insurers marketing these products do not charge any fees.

An activity has an optimistic time estimate of 12 days, a most likely estimate of 16 days, and a pessimistic estimate of 22 days. What is the expected standard deviation of the activity?

A) Between 1 and 2 days B) Between 2 and 3 days C) Between 3 and 4 days D) Between 4 and 5 days

Overall company profits will not be enhanced if a buying division acquires products from outside suppliers at an annual cost that is less than the incremental cost to the supplying division within the company

Indicate whether the statement is true or false