Question: (All answers were generated using 1,000 trials and native Excel functionality.) A project has four activities (A, B, C, and D) that must be performed
(All answers were generated using 1,000 trials and native Excel functionality.)
A project has four activities (A, B, C, and D) that must be performed sequentially. The probability distributions for the time required to complete each of the activities are as follows:
| Activity | Activity Time (weeks) | Probability |
| A | 5 | 0.25 |
| 6 | 0.35 | |
| 7 | 0.25 | |
| 8 | 0.15 | |
| B | 3 | 0.20 |
| 5 | 0.55 | |
| 7 | 0.25 | |
| C | 10 | 0.10 |
| 12 | 0.25 | |
| 14 | 0.40 | |
| 16 | 0.20 | |
| 18 | 0.05 | |
| D | 8 | 0.60 |
| 10 | 0.40 |
| (a) | Construct a spreadsheet simulation model to estimate the average length of the project and the standard deviation of the project length. | ||||
| Round your answers to one decimal place. | |||||
| |||||
| (b) | What is the estimated probability that the project will be completed in 35 weeks or less? | ||||
| Round your answer to a whole percentage. | |||||
| % |
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