Question: 3. Given a Project with the following information: Duration Activity Standard Critical Deviation Path? yes b (weeks) 5 a 2 1 3 2 d 3

3. Given a Project with the following

3. Given a Project with the following information: Duration Activity Standard Critical Deviation Path? yes b (weeks) 5 a 2 1 3 2 d 3 yes ONWL e 1 yes f 2 2 3 g h 3 yes 4 Find: a. Critical Path b. Number of Weeks project duration C. The probability of completing this project in 12 weeks (or less) d. The probability of completing this project in 17 weeks (or less) e. The number of weeks required to assure a 98% chance of completion f. If you will receive a bonus of $125,000 if this project is completed within 15 weeks and be fined a penalty of $50,000 if the project takes longer than 19 weeks should you bid the job? Please show quantitative support for your answer. A one-page copy of the 2-table is provided on the last page, below. Please show your calculations. Z-table Z 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.0 .00000 .00399 .00798 .01197 .01595 .01994 .02392 .02790 .03188 .03586 0.1 .03983 .04380 .04776 .05172 ,05567 .05962 .06356 .06749 .07142 .07535 0.2 .07926 .08317 .08706 .09095 .09483 .09871 .10257 .10642 .11026 .11409 0.3 .11791 .12172 .12552 .12930 .13307 .13683 .14058 .14431 .14803 .15173 0.4 .15542 .15910 .16276 .16640 .17003 .17364 .17724 .18082 .18439 .18793 0.5 .19146 .19497 .19847 .20194 .20540 .20884 .21226 .21566 21904 22240 0.6 22575 .22907 23237 .23565 .23891 .24215 .24537 .24857 .25175 25490 0.7 .25804 .26115 26424 .26730 .27035 .27337 .27637 .27935 .28230 .28524 0.8 28814 .29103 .29389 .29673 .29955 .30234 .30511 .30785 .31057 .31327 0.9 .31594 .31859 .32121 .32381 .32639 .32894 .33147 .33398 .33646 33891 1.0 .34134 .34375 34614 34850 35083 .35314 .35543 .35769 35993 .36214 1.1 .36433 36650 .36864 37076 .37286 .37493 .37698 .37900 .38100 38298 1.2 .38493 38686 38877 39065 .39251 .39435 .39617 .39796 .39973 .40147 1.3 40320 .40490 40658 40824 40988 41149 41309 41466 41621 .41774 1.4 .41924 .42073 .42220 .42364 .42507 .42647 .42786 .42922 .43056 .43189 1.5 .44319 .43448 .43574 43699 43822 .43943 .44062 44179 .44295 .44408 1.6 .44520 .44630 .44738 .44845 .44950 .45053 .45154 .45254 .45352 .45449 1.7 45543 .45637 .45728 45818 45907 45994 .46080 .46164 .46246 46327 1.8 .46407 .46485 .46562 .46638 .46712 .46784 .46856 .46926 .46995 .47062 1.9 .47128 47193 47257 47320 47381 47441 .47500 .47558 .47615 47670 2.0 .47725 47778 .47831 47882 .47932 .47982 .48030 .48077 .48124 .48169 2.1 48214 .48257 48300 48341 48382 48422 48461 48500 .48537 .48574 2.2 .48610 .48645 48679 .48713 48745 .48778 48809 .48840 48870 .48899 2.3 .48928 48956 .48983 49010 .49036 .49061 .49086 .49111 .49134 .49158 2.4 .49180 .49202 49224 49245 .49266 49286 .49305 .49324 49343 49361 2.5 .49377 .49396 .49413 .49430 49446 .49461 .49477 .49492 .49506 .49520 2.6 .49534 49547 49560 .49573 49585 .49598 49609 49621 49632 .49643 2.7 .49653 .49664 .49674 .49683 .49693 .49702 .49711 .49720 .49728 .49736 2.8 49744 49752 .49760 49767 .49774 .49781 .49788 .49795 .49801 .49807 2.9 .49813 .49819 .49825 .49831 .49836 .49841 .49846 .49851 .49856 .49861 3.0 .49865 .49869 .49874 49878 49882 49886 .49889 49893 .49897 .49900 3.1 .49903 .49906 .49910 .49913 .49916 .49918 .49921 .49924 .49926 .49929 3.2 .49931 .49934 .49936 49938 49940 49942 49944 49946 49948 .49950 3.3 .49952 .49953 .49955 .49957 .49958 .49960 49961 .49962 .49964 .49965 3.4 .49966 .49968 49969 ,49970 49971 49972 49973 .49974 49975 .49976 3.5 .49977 49978 .49978 .49979 .49980 .49981 .49981 .49982 .49983 .49983 3.6 .49984 49985 .49985 49986 .49986 .49987 .49987 .49988 .49988 .49989 3.7 .49989 .49990 .49990 .49990 .49991 .49991 .49992 .49992 .49992 .49992 3.8 .49993 .49993 .49993 ,49994 .49994 ,49994 ,49994 ,49995 .49995 .49995 3.9 .49995 .49995 49996 .49996 .49996 49996 49996 .49996 .49997 49997 4.0 .49997 .49997 .49997 .49997 .49997 ,49997 .49998 ,49998 ,49998 ,49998

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