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A project has four activities (A, B, C, and D) that must be performed sequentially. The probability distributions for the time required to complete each of the activities are as follows: a. Provide the base-case, worst-case, and best-case calculations for

A project has four activities (A, B, C, and D) that must be performed sequentially. The probability distributions for the time required to complete each of the activities are as follows:


A project has four activities (A, B, C, and D)


a. Provide the base-case, worst-case, and best-case calculations for the time to complete the project.
b. Use the random numbers 0.1778, 0.9617, 0.6849, and 0.4503 to simulate the completion time of the project in weeks.
c. Discuss how simulation could be used to estimate the probability the project can be completed in 35 weeks orless.

Transcribed Image Text:

555 0 55 25 12 0 b 0000 000 00000 00 y el 5678 357 02468 80

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a Base case using most likely completion times A 6 B …View the full answer


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Related Book For  answer-question
Quantitative Methods for Business

Quantitative Methods for Business

ISBN: 978-0324651751

11th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam

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Question Details
Chapter # 16
Section: Problems
Problem: 9
Posted Date: August 07, 2012 03:25:47
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