Question: 14. Apply PERT Analysis to this project. Activity Optimistic Cost G 3000 H 8000 I 9000 V 7000 K 12000 L 13000 a) What is

14. Apply PERT Analysis to this project. Activity

14. Apply PERT Analysis to this project. Activity Optimistic Cost G 3000 H 8000 I 9000 V 7000 K 12000 L 13000 a) What is the expected cost? Realistic Cost 4000 10000 14000 9400 15000 14200 Pessimistic Cost 4800 12000 18000 10500 18900 15500 b) What is the standard deviation of the cost? (round to 3 decimals) c) What is the probability of not exceeding the expected cost? d) What is the cost that won't be exceeded with probability of 0.85? (round to 2 decimals)

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