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

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!