Question: Consider the project described in problem 3 . Suppose that the activity times are random variables with a constant coefficient of variation of 0 .

Consider the project described in problem 3. Suppose that the activity times are random
variables with a constant coefficient of variation of 0.2.(The coefficient of variation is
the ratio .) Assume that the times given in problem 3 are the mean activity times.
a. Compute the standard deviation of each of the activity times.
b. Find the mean and the variance of the path with the longest expected completion time.
c. Using the results of part (b), estimate the probability that the project is completed
within 20 weeks.
d. Using the results of part (b), estimate the number of weeks required to complete the
project with probability 85.
please solve the question 21
 Consider the project described in problem 3. Suppose that the activity

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!