Refer to the previous question. Create a spreadsheet model to simulate the completion times for the auditing
Question:
a. Estimate the probability of each activity falling on the critical path. Which activities are most critical?
b. On average, how long should it take to complete the project?
c. Based on your simulation results, estimate the probability that it will take at least 67 days to complete the project?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Spreadsheet Modeling and Decision Analysis A Practical Introduction to Business Analytics
ISBN: 978-1285418681
7th edition
Authors: Cliff Ragsdale
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