Question: 14. Apply PERT Analysis to this project. Activity Optimistic Cost Realistic Cost Pessimistic Cost G 3000 4000 4800 H 8000 10000 12000 I 9000 14000

14. Apply PERT Analysis to this project.

Activity

Optimistic Cost

Realistic Cost

Pessimistic Cost

G

3000

4000

4800

H

8000

10000

12000

I

9000

14000

18000

J

7000

9700

10500

K

12000

15000

18900

L

13000

14200

15500

  1. What is the expected cost?

  1. What is the standard deviation of the cost? (round to 3 decimals)

  1. What is the probability of not exceeding the expected cost?

  1. What is the cost that wont be exceeded with probability of 0.94? (round to 2 decimals)

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