Question: You have a project with an expected completion time of 15 weeks and a project variance of 4 weeks. 1. What is the probability the

You have a project with an expected completion time of 15 weeks and a project variance of 4 weeks.
1. What is the probability the project will be completed in 12 weeks?
2. What is the probability the project will be completed in 15 weeks?
3. What is the probability the project will be completed in 18 weeks?
4. If your investors need 95% probability assurance, what is the due date that yields this 95% likelihood of completion?

Step by Step Solution

★★★★★

3.41 Rating (186 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Pcompleted within 12 wee... 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

Students Have Also Explored These Related Operations Management Questions!

Wilson, Inc., has a project with an expected cash inflow of $1 million at the end of Year 5. Wilson has a second project with an expected cash inflow of $200,000, to be received at the end of each...

A project has an expected completion time of 40 weeks and a standard deviation of 5 weeks. It is assumed that the project completion time is normally distributed. (a) What is the probability of...

Suppose you have a project with a Budget at Completion (BAC) of $250,000 and a projected length of 10 months. After tracking the project for six months, you have collected the information in the...

QUESTION 6 A project consists of the following activities. Times are given in weeks. Activity Preceding Optimistic time Most Likely time 16 Pessimistic time 18 27 B 3 7 12 7 8 10 A,B B,C D 5 7 10...

Question 21 1.5 pts If a project has an expected completion time of 15 weeks with a variance of 4 weeks, the probability that the project will be completed in 15 weeks is o less than 25% O more than...

If a project has an expected completion time of 15 weeks with a variance of 4 weeks, the probability that the project will be completed in 18 weeks is ______.

If a project has an expected completion time of 15 weeks with a variance of 4 weeks, the probability that the project will be completed in 12 weeks is ______.

Acenain project network consiste of thee paths. The fint path has an expected completion time of 15 weeks and a path variance of 5 eeeks, the second path sas an expecled camplesian time of 10 weeks...

If a project has an expected completion time of 15 weeks with a variance of 4 weeks, there is a 95% likelihood that the project will be completed by what time? O by 16.5 weeks by 14.5 weeks O by 18.3...

A Project has an expected completion time of 18 weeks, and a Project Variance of 2.98 weeks. Calculate the Z Value that would be used to determine the probability of completing the project in 20 weeks

Prepare a balance sheet as of June 30, for the J. L. Gregory Company, using the following data: Accounts payable Accounts receivable Accrued expenses Accumulated depreciation 241,000 505,000 107,000...

Access the 2020 Annual Report for The GAP online from the companys website. Review the financial statements and the notes to the financial statements. Compute The Gaps dividend payout ratio for the...

This year Ed celebrated his 2 5 t h 2 5 th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, the company awarded Ed a gold watch worth $ 3 0 7 and a $ 2 , 3...

Match the type of neuron to its description 1. Motor neurons 2. Sensory neurons 3. Interneurons Description a. carry incoming messages from sensory receptors to the CNS. b. communicate within the CNS...

The Money Pit Mortgage Company is interested in monitoring the performance of the mortgage process. Fifteen samples of five completed mortgage transactions each were taken during a period when the...

Webster Chemical Company produces mastics and caulking for the construction Industry. The product is blended in large mixers and then pumped into tubes and capped. Management is concerned about...

Suppose that the index model for stocks A and B is estimated from excess returns with the following results: RA = 2.8% + 1.00RM + eA RB = 1.0% + 1.30RM + eB M = 18%; R-squareA = 0.27; R-squareB =...

For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal...

Describe the capital budgeting steps that would be necessary to determine whether a proposed project is feasible as related to some specific situation.