Question: 1. Given the project information below, what is the probability of completing the National Holiday Toy project in 93 time units? Act ID 1 2

1. Given the project information below, what is the probability of completing the National Holiday Toy project in 93 time units? Act ID 1 2 3 4 5 6 7 Description Design package Design product Build package Secure patent Build product Paint Test market Predecessor Opto. (a) Most likely (m Pess. (b) None 6 12 24 1 16 19 28 1 4 7 10 2 24 27 38 2 17 29 47 3,4,5 4 7 10 6 13 16 19 2. The expected times and variances for the project activities are given below. What is the probability of completing the project in 25 periods? ID Variance lb - a\/6F 3 4 1 2 3 4 5 6 7 8 Description Pilot production Select channels of distrib. Develop mktg program Test market Patent Full production Ad promotion Release Predecessor None None None 1 1 4 3 2,5,6,7 1 6 7 4 4 10 16 3 2 NONN 1

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