Question: ( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) days ) for each activity. table [

(All answers were generated using 1,000 trials and native Excel functionality.) days) for each activity.
\table[[Activity,\table[[Immediate],[Predecessors]],\table[[Minimum],[Time]],\table[[Likely],[Time]],\table[[Maximum],[Time]]],[A: Negotiate contract with selected musicians,-,5,6,9],[B: Reserve site,-,8,12,15],[C: Logistical arrangements for music group,A,5,6,7],[D: Screen and hire security personnel,B,3,3,3],[E: Advertising and ticketing,B, C,1,5,9],[F: Hire parking staff,D,4,7,10],[G: Arrange concession sales,E,3,8,10]]
cannot be started until activities B and C are both completed. The project is not complete until all activities are completed.
(a) Using the triangular distribution to represent the duration of each activity, construct a simulation model to estimate the average amount of time to complete the concert preparations.
Round your answers to one decimal place.
\table[[,Project Duration,],[\table[[Average],[Standard Deviation]],,days]]
(b) What is the likelihood that the project will be complete in 23 days or less?
Round your answer to the nearest whole number.
%
 (All answers were generated using 1,000 trials and native Excel functionality.)

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