Activity Optimistic (a) Most likely (m) Pessimistic (b) Expected Time te = (a + 4m + b)/6 Variance 02 = (b - a)2/36 Standard Deviation =sqrt(variance) A 2 5 8 5 1 1 B 2 3 4 3 0.111 0.333 5 10 15 10 2.778 1.667 D 1 8 9 7 1.778 1.333 E 5 10 5 8.333 0 0 F 2 5 00 5 1 1 G 3 10 11 9 1.778 1.333 H 2 6 10 6 1.778 1.333 1 1 2 3 2 0.111 0.333 a) Your boss is asking what the earliest and latest completion times are for getting this project completed. You rely on a 95% statistical confidence interval to estimate the latest time you are willing to say the project will be completed. What are you willing to tell the boss on the completion time interval based on this expected duration? Note: you should round the time to the nearest tenth of a day. Activity Optimistic (a) Most likely (m) Pessimistic (b) Expected Time te = (a + 4m + b)/6 Variance 02 = (b - a)2/36 Standard Deviation =sqrt(variance) A 2 5 8 5 1 1 B 2 3 4 3 0.111 0.333 5 10 15 10 2.778 1.667 D 1 8 9 7 1.778 1.333 E 5 10 5 8.333 0 0 F 2 5 00 5 1 1 G 3 10 11 9 1.778 1.333 H 2 6 10 6 1.778 1.333 1 1 2 3 2 0.111 0.333 a) Your boss is asking what the earliest and latest completion times are for getting this project completed. You rely on a 95% statistical confidence interval to estimate the latest time you are willing to say the project will be completed. What are you willing to tell the boss on the completion time interval based on this expected duration? Note: you should round the time to the nearest tenth of a day