Question: Consider the following project network: For each activity, the pessimistic, optimistic, and most likely task duration has been defined as follows: Activity Pessimistic Estimate Optimistic
Consider the following project network:
For each activity, the pessimistic, optimistic, and most likely task duration has been defined as follows:
| Activity | Pessimistic Estimate | Optimistic Estimate | Most Likely | E[t] | s |
| 1-2 | 18 | 14 | 16 |
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| 1-3 | 16 | 11 | 14 |
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| 2-6 | 23 | 13 | 18 |
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| 3-4 | 9 | 7 | 8 |
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| 3-5 | 16 | 16 | 16 |
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| 2-5 | 37 | 20 | 26 |
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| 4-8 | 12 | 6 | 8 |
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| 5-7 | 13 | 8 | 10 |
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| 6-7 | 15 | 6 | 8 |
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| 7-8 | 4 | 3 | 1 |
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- Find the expected value and standard deviation for each activity time. What distribution does each of these time estimates follow?
- Find the critical path for the project. (Assume activity 1-2 starts at time 0).
- Compute the expected value and the standard deviation of completion time for the critical path. What distribution does this time estimate follow?
- The project contract specifies that the project will be done in 50 days. What is the probability that this completion time will be achieved?
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