Question: A project has a mean completion time of 54 weeks and a standard deviation of the project completion time of 2.95 weeks. What is the

A project has a mean completion time of 54 weeks

A project has a mean completion time of 54 weeks and a standard deviation of the project completion time of 2.95 weeks. What is the probability of completing the project within 52 weeks? Please put your answer in terms of a probability (i.e. a number between 0 and 1), and not a percentage

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Required information Problem 7-48 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] During the current year, Ron and Anne sold the following assets: (Use the...

A marketing campaign project has a mean completion time of 8 weeks with a standard deviation of 1 week. The project sponsor wants to know the probability of completing the project in less than 9...

Estimating probability of project completion using normal distribution 1PERT analysis indicates that a project has a mean completion time of 40 weeks , with a standard deviation of 2.8 weeks ....

A project has an expected completion time of 40 weeks and a standard deviation of 5 weeks. It is assumed that the project completion time is normally distributed. (a) What is the probability of...

A project with uncertainty has a mean completion time of 48.17 weeks, with a standard deviation of 3.33 weeks. What is the probability that the project will finish within 50 weeks? Please put the...

QUESTION 31 A project with uncertainty has a mean completion time of 35 weeks, with a standard deviation of 1.33 weeks. What is the probability that the project will finish within 33 weeks? Please...

A project has an expected completion time of 40 weeks and a standard deviation of 5 weeks. It is assumed that the project completion time is normally distributed. (a) What is the probability of...

Problem 4 : A project has an expected completion time of 40 weeks and a standard deviation of 5 weeks. It is assumed that the project completion time is normally distributed. (a) What is the...

A project has an expected completion time of 40 weeks and a standard deviation of 5 weeks. It is assumed that the project completion time is normally distributed. (a) What is the probability of...

A project has 7 activities P, Q, R, S, T, U, and V. Three time estimates (optimistic, most-likely, pessimistic) are used for each activity. Write down your answers to all parts of the question in the...

In a concise manner, discuss the history of fingerprints as a science, including timelines, progress, and accomplishments.

Based on what you have studied in the Corporate Risk Management/ Finance course, what do you believe will be your greatest challenge in relation to financial risk management? Describe a time when you...

young adults are likely to be living With a partner ) With a spouseAlone With their parents

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...