Question: For the project defined in Problem 1 from Chapter 1 0 , suppose that a Monte Carlo simulation with five repetitions is desired. Suppose further

For the project defined in Problem 1 from Chapter 10, suppose that a Monte Carlo simulation
with five repetitions is desired. Suppose further that the activity durations have a triangular
distribution with the following lower and upper bounds: A:4,8; B:4,9, C: 0.5,2; D: 10,20; E: 4,7;
F: 7,10; G: 6,12; H: 2,4; I: 4,7; J: 2,4; K: 2,6; L: 10,15; M: 2,9; N: 1,4; O: 4,11.
(a) Calculate the value of m for each activity given the upper and lower bounds and the
expected duration shown in Table 10-16.
(b) Generate a set of realizations for each activity and calculate the resulting project
duration.
(c) Repeat part (b) five times and estimate the mean and standard deviation of the project
duration.

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