In preparing to launch a new product, a marketing manager has determined the critical path for her
Question:
In preparing to launch a new product, a marketing manager has determined the critical path for her department. The activities and the mean and variance of the completion time for each activity along the critical path are shown in the accompanying table. Determine the mean and variance of the completion time of theproject.
Transcribed Image Text:
Expected Completion Time (Days) 8 14 Activity Develop survey questionnaire Pretest the questionnaire Revise the questionnaire Hire survey company Conduct survey Analyze data Prepare report Variance 30 30 10 10
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
8 14 5 3 30 ...View the full answer
Answered By
Nicole omwa
Being a highly skilled tutor with at least 5 years of tutoring experience in different areas, I learned how to help diverse learners in writing drafts of research papers, actual research papers and locate credible sources. My assurance is built upon my varied knowledge of a variety of subjects. Furthermore, my involvement and interaction with numerous learners of all levels has allowed me to understand my clients' specific demands. Ultimately, this has aided me in being a better coach to learners to better their grades. Essentially, my responsibilities as a tutor would include:
Teaching abilities that assist pupils in enhancing their academic performance
Personal interaction with learners to make them understand abstract concepts
Inducing new skills and knowledge into their academic journeys
Fostering individual reflection, and independent and critical thinking
Editing and proofreading
Because I am constantly available to respond to your queries, you may decide to rely on me whenever you require my assistance. As an assurance, my knowledge skills and expertise enable me to quickly assist learners with different academic challenges in areas with difficulty in understanding. Ultimately, I believe that I am a reliable tutor concerned about my learner's needs and interests to solve their urgent projects. My purpose is always to assist them in comprehending abstract schoolwork and mastering their subjects. I also understand that plagiarism is a severe offense and has serious ramifications. Owing to this, I always make it a point to educate learners on the numerous strategies to have uniquely unique solutions. I am familiar with the following formatting styles:
MLA
APA
Harvard
Chicago
IEEE
Communication is always the key in every interaction with my learners. Hence, I provide timely communication about the progress of assigned projects. As a result, I make sure that I maintain excellent communication with all of my clients. I can engage with all of my customers more effectively, assisting them with their unique academic demands. Furthermore, I attempt to establish a solid working relationship with my leaners I have exceptional abilities in the below areas;
Sociology
History
Nursing
Psychology
Literature
Health and Medicine
Chemistry
Biology
Management
Marketing
Business
Earth Science
Environmental Studies
Education
Being a teacher who aces in diverse fields, I provide various academic tasks, which include;
Academic Reports
Movie Reviews
Literature Reviews
Annotated bibliographies
Lab reports
Discussion posts
Dissertations
Case study analyses
Research proposals
Argumentative Essays
I guarantee you high-quality Papers!!!!!
5.00+
17+ Reviews
32+ Question Solved
Related Book For
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller
Question Posted:
Students also viewed these Statistics questions
-
The Wilson Company's marketing manager has determined that the price elasticity of demand for its product equals - 2.2. According to studies she carried out, the relationship between the amount spent...
-
Is it possible to launch a new product using online communications as the primary medium for creating awareness and interest? What strategies would be necessary to make such a plan work?
-
There are four activities along the critical path for a project. The expected values and variances of the completion times of the activities are listed here. Determine the expected value and variance...
-
The cost formula for the maintenance department of Rainbow, Ltd., is $19,400 per month plus $7,70 per machine hour used by the production department. Required: a. Calculate the maintenance cost that...
-
An economy begins in steady state with an investment rate of 20 percent, a corporate tax rate of 25 percent, a real interest rate of 2 percent, a depreciation rate of 7 percent, and a price of...
-
From Exercise 10: A recent study of higher education measured the proportion of college students who work in off campus jobs for at least 20 hours a week. Four samples, each composed of 200 randomly...
-
Residential Demand for Electricity. Belotti, Hughes and Piano Mortari (2017) estimated residential demand for electricity covering the 48 states in the continental United States plus the district of...
-
Using data from the financial statements of Campbell Soup Company in the appendix, calculate: a. ROI for 2011. Round your percentage answer to one decimal place. b. ROE for 2011. Round your...
-
The Jones Company has just completed the third year of a five-year MACRS recovery period for a piece of equipment it originally purchased for $300,000. a. What is the book value of the equipment? b....
-
Housley Paints Co. had a remaining debit balance of $25,000 in its under-and overapplied factory overhead account at year-end. The balance was deemed to be large and, therefore, should be closed to...
-
The operations manager of a large plant wishes to overhaul a machine. After conducting a PERT/CPM analysis he has developed the following critical path. 1. Disassemble machine 2. Determine parts that...
-
A professor of business statistics is about to begin work on a new research project. Because his time is quite limited, he has developed a PERT/CPM critical path, which consists of the following...
-
Normal spoilage is planned spoilage. Discuss.
-
How are goods defined in the Sale of Goods Act? What types of personal property are not within the definition?
-
Distinguish between ownership and possession.
-
What was the principal purpose of the original Sale of Goods Act?
-
Define expectation damages, consequential damages, and specific performance. Give an example of each.
-
How does the Competition Act attempt to prevent fraudulent telemarketing?
-
The Treasury periodically issues new bonds to finance the deficit. Review recent issues of The Wall Street Journal or check related online news to find a recent article on such financing. Does the...
-
What is the difference between direct materials and indirect materials?
-
A radio station has a power output of \(140 \mathrm{~W}\) and is located \(1.5 \mathrm{~km}\) from your house. The radio signal is emitted uniformly in all directions. What is the intensity \(I\) of...
-
A neighborhood group has complained that at an intersection near a school, half of all cars roll through the stop sign without coming to a complete halt. A statistics practitioner plans to observe a...
-
An environmentalist claims that 20% of people would participate in a protest about climate change. You organize a survey wherein you plan to ask people about the issue. If the sample size is 400 and...
-
A management consultant claims that 4% of American workers actually believe that they are overpaid. A Gallup survey was planned in which American workers were asked, among other questions, whether...
-
Prices of Athletic Shoes Prices (in dollars) of mens, womens, and childrens athletic shoes are shown. At the 0.05 level of significance, can it be concluded that there is a difference in mean price?
-
What are the key historical factors supporting the building of relationships between indigenous communities and settlers from Britain and France? What were the strengths and difficulties? What is an...
-
Let n be a positive integer, n2. The graph G illustrated below has vertices a1, a2, ..., an, b1, b2, ..., bn. C1, C2, ..., C, and d, and edges ab, bici, cia, and, bnd, cnd and aja+1, bibi+1, CiCi+1...
Study smarter with the SolutionInn App