Question: A project is expected to be completed in 16 days. The variance of the project duration is 3 days. (8 points) a. What is the

A project is expected to be completed in 16 days. The variance of the project duration is 3 days. (8 points)

a. What is the probability that it will be completed in 18 days?

b. What is the probability that it will take more than 19 days to finish?

c. What is the probability that it will be completed within 16 days?

d. What is the due date that yields 80 % chance of completion?

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!