The expected activity time in PERT analysis is calculated as: the weighted average of a, m, and b, with m weighted 4 times as heavily as a and b. the sum of the optimistic, pessimistic, and most likely times, divided by six. the simple average of the optimistic, pessimistic, and most likely times. the sum of the activity variances, divided by six. the sum of the optimistic, pessimistic, and most likely times.