Question: Given a simple Project like the one pictured above. Optimistic / Most Likely / Pessimist Times were assessed and Path Means and Path Standard

Given a simple Project like the one pictured above. Optimistic / Most Likely / Pessimist Times were assessed and Path Means and Path Standard Deviations were calculated. For Path 1-2-5 we have a Path Mean = 34 and a Path Standard Deviation = 3. For Path 1-3-4-5 we have a Path Mean = 29 and a Path Standard Deviation = 2. Determine both the Probability that Path 1-2-5 will finish in 34 Days or Less and the Probability that the Project wi finish in 34 Days or Less. 0.977249938: 0.977249919 0.95220967: 0.952209396 0.5 0.49689516 0.908788718:0.908785627
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
