Question: Refer to the previous question. Suppose a partner in Koene Technology does not believe the time estimates for each activity can be specified with certainty.

Refer to the previous question. Suppose a partner in Koene Technology does not believe the time estimates for each activity can be specified with certainty. Instead, he prefers to specify a minimum, most likely, and maximum number of days for each activity. These estimates are given in the following table.

a. Use PERT to identify the expected time and variance for each activity.
b. What is the critical path? What is the expected time and variance for this path?
c. Assume that the distribution of the completion time for the critical path is normally distributed. What is the probability that it will take at least 40 days to complete theproject?

841079080019 221121 1 ast ly el k-111-1 09384435546897 56058224334565 IN A B C D E F G H I JK L M N

Step by Step Solution

★★★★★

3.34 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Activity Description Predecessor min most likely max Time EST EFT LST LFT Slack Variance A ... 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)

167-B-M-L-M-D-A (334).xlsx

300 KBs Excel File

Students Have Also Explored These Related Management Leadership Questions!

Find the amount that should be set aside today to yield the desired future amount. future amount needed $4000 interest rate 10% compounding period quarterly investment time 4 years

Q2-2(15 pts). Refer to the Q2-1 question. Suppose a partner in Keone Technology does not believe the time estimates for each activity can be specified with certainty. Instead, he prefers to specify a...

The marketing department at Hobbart University is working on a project with the following information. The Activity Time is also referred to as the Normal Activity Time and is the time it takes to...

18. Refer to the previous question. Suppose a partner in Keone Technology does not be- lieve the time estimates for each activity can be specified with certainty. Instead, he prefers to specify a...

a. Draw the CPM network for this problem. b. Create a spreadsheet to calculate and summarize the earliest and latest start and finish times, the slack for each activity, and the critical activities....

Please answer the attached questions from the attached file Cisco Systems, Inc. 2014 Annual Report Annual Report 2014 Letter to Shareholders To Our Shareholders, When we look back on fiscal 2014, we...

After reviewing the PowerPoint on understanding financial statements and ratio analysis, create a narrated PowerPoint illustrating the financial health of your chosen organization. Your presentation...

Instructions to the Candidates This assessment is to be completed according to the instructions given below in this document. Should you not answer the tasks correctly, you will be given feedback on...

A partner in the national accounting firm mentioned in the previous questions does not believe that the time estimates for each activity can be specified with certainty. Instead, she prefers to...

I hope you can answer this question and find the reference below the question. Thank you Topic: Conducting personal job interviews using the STAR model 1- Design a two-hour training work plan for 10...

Explain how a closed shop, a union shop, and an open shop are different from one another.

1. What notation would you use to characterize Patient A's karyotype? What diagnosis would you give patient A? 2. What notation would you use to characterize Patient B's karyotype? What diagnosis...

what is one challenge presented by the shift toward increased disclosure?

For the following circuit the load 1 absorbs 3200W average power and absorbs 3600VAR magnetizing VARS, load 2 absorbs 1KVA with 0.8pf leading. 250 V (rms) a) Find the complex power S, associated with...

The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were...

Martinez Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Date Transaction Quantity Price/ Cost Jan. 1 Beginning inventory 1,500 $11 Feb. 4...

Write a memorandum identifying and explaining potential problem areas where misstatements in the current-year financial statements could exist.

i. Suppose you have $150,000 in a bank term account. You earn 5% interest per annum from this account. You anticipate that the inflation rate will be 3% during the year. However, the actual inflation...

7.8 An economist studying the market for designer watches has produced a regression model to describe the relationship between sales of the different brands of watch (in thousands of units) and the...

Southern Gas Company (SGC) is preparing to make a bid for oil and gas leasing right in a newly opened drilling area in the Gulf of Mexico. SGC is trying to decide whether to place a high bid of $16...

Medical studies have shown that 10 out of 100 adults have heart disease. When a person with heart disease is given an EKG test, a 0.9 probability exists that the test will indicate the presence of...

The Mobile Oil company has recently acquired oil rights to a new potential source of natural oil in Alaska. The current market value of these rights is $90,000. However, if there is natural oil at...

KADS, Inc., has spent $420,000 on research to develop a new computer game. The firm is planning to spend $220,000 on a machine to produce the new game. Shipping and installation costs of the machine...

1) An exporter has just received a banker's acceptance created by an international transaction. If the banker's acceptance has a face value of $250,000 and the bank charges a commission of 1% per...

Problem #7 Refer to Problem 6 (listed below). Assume that another alternative is a convertible mortgage (instead of a participation loan) that gives the lender the option to convert the mortgage...