Question: Given the project information in the following table, what is the probability of completing the National Holiday Toy project in 93-time units? Hint: Use the

Given the project information in the following

Given the project information in the following table, what is the probability of completing the National Holiday Toy project in 93-time units? Hint: Use the =NORM.S.DIST(3, TRUE) function in Excel to compute the probability. (Carry at least 3 decimal places in all intermediate calculations and the Z value. Enter your final probability answer to 3 decimal places.) Acct. ID 1 2 3 4 5 6 7 Description Design package Design product Build package Secure patent Build product Paint Test market Optimistic Most Likely Pessimistic Activity Variance Predecessor (a) (m) (b) Time (te) [(b - a)/6]2 Critical ? None 6 12 24 13 9 1 16 19 28 20 4 X 1 4 7 10 7 1 2 21 30 39 30 9 2 17 29 47 30 25 3,4,5 4 7 11 7.17 1.36 6 13 18 19 17.33 1 X The probability of completing the project in 93 time units is

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!