Question: Assume that the calculated shape parameters for a project are: = 50, = 4. Use an Excel function to calculation completion parameters for

Assume that the calculated shape parameters for a project are:

μ = 50,  = 4.

Use an Excel function to calculation completion parameters for the following situations.

a. What is the probability of completing the project by time period 56?

b. What is the point in time for which we have a 75% confidence level in completion?

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