Correct Answer - Option 2 : 50%
Concept-
Probability Factor is given by
\(z = \frac{{x - \bar x}}{\sigma }\)
Where,
σ is Standard Deviation
x is mean
For,
z = 0, P (Z) = 50 %
Z < 0, P (Z) < 50 %
Z > 0, P (Z) > 50%
When expected activity duration is considered then the probability factor z = 0. So 50% probability is considered for expected activity duration.