Question: Assume that in a given PERT network the following values have been resulted for 1) expected completion duration, and 2) standard deviation (from network calculations):

Assume that in a given PERT network the following

Assume that in a given PERT network the following values have been resulted for 1) expected completion duration, and 2) standard deviation (from network calculations): Ti = 40,0 = 7. Based on these assumptions: Question ) what is the probability that the project will NOT take more than 43.5 days to be completed? Question ) what is the probability that the project will take more than 33 days to be completed? Question ) what is the probability that the project will take between 31.25 and 44.2 days to be completed? Question ) how much time must be allowed to achieve a 97.5% confidence of timely completion

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!

The Excel file Credit Risk Data provides information about bank customers who had applied for loans. 6 The data include the purpose of the loan, checking and savings account balances, number of...

PERT Example 4: Assume that in a given PERT network the following values have been resulted for 1) expected completion duration, and 2) standard deviation (from network calculations): T = 40,0 =7....

Looking at question 1 a-d being completed, I don't know how to do e-h. can you please help? Question 1 (47 points): Uncertainty of Project Completion Time Given a Project with the following...

m b Question 1 (60 marks) The following activity data is known. Where a is the optimistic time, m is the most likely time, b is the pessimistic time for the activities. Time (days) Activity...

Hi Tutor i want ask about this attachment Part B Problem 1 (a). This is FINM2401 Semester One Final Examinations, 2012 FINM2401 Financial Management Venue ____________________ Seat Number ________...

I have attached the case study and the rubric for this. can I get help here to organzie an answer? CATERPILLAR, INC: THE IMPACT OF DECISION BIASES AND RISK ON CAPITAL BUDGETING Timothy D. West...

Search Mailings Review View Help Normal No Spacing Heading 1 Heading Paragraph Styles Cast HI Southwestern University is constructing a new building and needs to use Project Management techniques to...

Please provide answers to the attached study guide with step by step process of solving the various problems. Chapter 5 1. Calculation of geometric mean (GM) i Example: holding period return 10%, -3%...

The following is the information from section 9.7 the question is on the bottom: Figure: Effect of multitasking on project completion given fixed activity times. Figure: Two levels of 40-day network...

OPERATIONS MANAGEMENT ASSIGNMENT 6 1 Human resources, project management and operations management are all equally vital to a business's success. Each of these focuses on different areas of the...

Hoping to lure more shoppers downtown, a city builds a new public parking garage in the central business district. The city plans to pay for the structure through parking fees. During a two-month...

Aerobic respiration is an oxygen dependent metabolic pathway which occurs primarily in the mitochondria a. True O b. False

Please explain the solution to this general accounting problem with accurate principles. ClearLake Bottling Company consists of two departments: Mixing and Bottling. The Bottling Department received...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...