Question: Given the project information in the following table, what is the probability of completing the National Holiday Toy project in 9 9 - time units?
Given the project information in the following table, what is the probability of completing the National Holiday Toy project in time units? Hint: Use the NORM.SDISTz TRUE function in Excel to compute the probability. Carry at least decimal places in your task time and variance calculations and at least decimal places in your value calculation. Enter your final probability answer to decimal places.
tableAcct IDDescription,Predecessor,tableOptimisticatableMost LikelymtablePessimisticbtableActivityTime Variance
Critical Design package,None,xDesign product,xBuild package,Secure patent,Build product,xPaint,xTest market,x
The probability of completing the project in time units is
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