Question: A small project consists of three activities: A, B, and C. To start activity C, both activities A and B need to be complete. Activity

A small project consists of three activities: A, B, and C. To start activity C, both activities A and B need to be complete. Activity A takes 3 days with a probability of 50 percent and 5 days with a probability of 50 percent, and so does Activity B. Activity C takes 1 day. What is the expected completion time of the project?

Step by Step Solution

★★★★★

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

It takes an expected 55 days That this is longer than one would expect based on the average co... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

435-B-M-L-O-M (3708).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

What is the expected substitution product (including its stereochemical configuration) in the SN2 reaction of potassium iodide in acetone solvent with the following compound? (D = 2H = deuterium, an...

What is the expected profit from this trading strategy?

What is the expected return? When answering this question, remember that only $50,000 was invested. Also, the units of return are time, e.g., one can express a return as a daily return or a weekly...

A small project consists of three activities: A, B, and C. To start activity C, both activities A and B need to be complete. Activity A takes 30 days with a probability of 50 percent and 34 days with...

A small project consists of three activities: A, B, and C. To start activity C, both activities A and B need to be complete. Activity A takes 15 days with a probability of 50 percent and 19 days with...

A small project consists of three activities: A, B, and C. To start activity C, both activities A and B need to be complete. Activity A takes 5 days with a probability of 50 percent and 7 days with a...

A small project consists of three activities: A, B, and C. To start activity C, both activities A and B need to be complete. Activity A takes 27 days with a probability of 50 percent and 29 days with...

A small project consists of three activities: A, B, and C. To start activity C, both activities A and B need to be complete. Activity A takes 7 days with a probability of 50 percent and 11 days with...

The SEC announced that it would accept financial statements from private issuers without reconciliation to U.S. GAAP if they are prepared using IFRS, as issued by the International Accounting...

A random sample of size 150 taken from a population yields a proportion equal to 0.35. a. Determine if the sample size is large enough so that the sampling distribution can be approximated by a...

In this problem, y = 1 1 + c 1 e x is a one - parameter family of solutions of the first - order DE y = y y 2 . Find a solution of the first - order IVP consisting of this differential equation and...

Consider the circuit in (Figure 1) with both switches open. At t = 0 switch S is closed while switch S2 is left open. Figure

As youve read, the poem of Inanna and Dimuzi includes agricultural metaphors that are a bit more explicit than your typical Old Farmers Almanac entry. Discuss the underlying meaning of this poem and...

An electronics manufacturer produces a range of consumer and commercial grade electronic devices. These include television sets, sound systems, computer monitors, mobile phones and many other...

What ethical issues are associated with the view that the redesign of organizations throughout a societyindeed, globallyentails losses as well as gains?

Information for the jenkins Company defined benefit pension plan follows. Jenkins uses the straight-line method to amortize prior service cost and corridor amortization for gains and losses. Account...

One of your projects key resources is being pulled away to a higher priority project. This resource is working on activity A on your project. Activity A has an early finish of 12 days and a late...

Two retailers compete on costs and the ambience of their retail stores. They are identical in all other dimensions of customer utility. Retailer A is cheaper than retailer B. Retailer A also has the...

Which of the following is NOT one of the three system inhibitors? a. Waste b. Variability c. Fatigue d. Inflexibility

Which of the following is an example of a system inhibitor? a. A customer adds extra weatherproofing to a new truck purchase. b. An emergency room doctor has no patients at the moment. c. A financial...

Cede & Co. expects its EBIT to be $66,000 every year forever. The firm can borrow at 5 percent. The firm currently has no debt, and its cost of equity is 11 percent. a. If the tax rate is 21 percent,...

ExLog Derivatives of Transcendental Functions Directions: Find the derivatives of the following items. Write your solutions on the space provided. (4 items x 5 points) 1. f(x) = 4x2 cosx 2. f (x) =...

This morning, a firm paid its annual dividend of $ 1 . 1 2 per share. The firm has been reducing its dividends by 4 percent each year. The required rate of return is 1 7 percent. What is one share of...