The binomial distribution is widely used in business and economic applications involving the probability of discrete occurrences

An escrow agent is authorized to:

a. give suggestions to the buyer regarding financing for the property b. call for the funds to close the escrow c. obtain a termite report and authorize repairs to correct problems noted in it d. arrange financing for the property.

In a PERT network, non-critical activities that have little slack need to be monitored closely:

A) because PERT treats all activities as equally important. B) because near-critical paths could become critical paths with small delays in these activities. C) because slack is undesirable and needs to be eliminated. D) because they are causing the entire project to be delayed. E) because they have a high risk of not being completed.