Industrial Engineering and Production Management
Pessimistic time is

The maximum time which an activity might require
The minimum time in which an activity can possibly be accomplished
The most probable time considering all conditions
The average time required for a job

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Industrial Engineering and Production Management
The process capability of a machine is defined as the capability of the machine to

Perform definite number of operations
Produces a definite volume of work per minute
Produce job at a definite spectrum of speed
Holds a definite spectrum of tolerance and surface finish

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