Question: A7-1 (Algo) Given the project information... Given the project information in the following table, what is the probability of completing the National Holiday Toy project
A7-1 (Algo) Given the project information...
Given the project information in the following table, what is the probability of completing the National Holiday Toy project in 93-time units? Hint: Use the =NORM.S.DIST(z, TRUE) function in Excel to compute the probability. (Carry at least 2 decimal places in your task time and variance calculations and at least 3 decimal places in your z value calculation. Enter your final probability answer to 3 decimal places.)
| Acct. ID | Description | Predecessor | Optimistic (a) | Most Likely (m) | Pessimistic (b) | Activity Time (te) | Variance [(b - a)/6]2 | Critical ? |
| 1 | Design package | None | 6 | 12 | 24 | 13 | 9 | x |
| 2 | Design product | 1 | 17 | 19 | 28 | 20.17 | 3.36 | x |
| 3 | Build package | 1 | 4 | 7 | 10 | 7 | 1 | |
| 4 | Secure patent | 2 | 24 | 27 | 36 | 28 | 4 | |
| 5 | Build product | 2 | 17 | 29 | 47 | 30 | 25 | x |
| 6 | Paint | 3,4,5 | 4 | 7 | 10 | 7 | 1 | x |
| 7 | Test market | 6 | 13 | 14 | 19 | 14.67 | 1 | x |
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