Given the project information in the following table, what is the probability of completing the National...

 

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Given the project information in the following table, what is the probability of completing the National Holiday Toy project in 100-time units? Hint: Use the =NORM.S.DIST(z. TRUE) function in Excel to compute the probability. (Carry at least 2 decimal places in your task time and varlance calculations and at least 3 decimal places in your z value calculation. 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 Predecessor None 1 1 2 2 3,4,5 6 Optimistic Most Likely Pessimistic Activity (a) (b) 6 24 17 28 4 10 24 36 17 47 4 12 13 19 The probability of completing the project in 100 time units is CATATA 12 19 27 29 17 Variance Time (te) [(ba)/6] Critical? 9 x 3.36 X 1 13 20.17 7 28 30 7.33 16.67 4 25 1.78 1 xxx Given the project information in the following table, what is the probability of completing the National Holiday Toy project in 100-time units? Hint: Use the =NORM.S.DIST(z. TRUE) function in Excel to compute the probability. (Carry at least 2 decimal places in your task time and varlance calculations and at least 3 decimal places in your z value calculation. 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 Predecessor None 1 1 2 2 3,4,5 6 Optimistic Most Likely Pessimistic Activity (a) (b) 6 24 17 28 4 10 24 36 17 47 4 12 13 19 The probability of completing the project in 100 time units is CATATA 12 19 27 29 17 Variance Time (te) [(ba)/6] Critical? 9 x 3.36 X 1 13 20.17 7 28 30 7.33 16.67 4 25 1.78 1 xxx

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To calculate the probability of completing the project in 100 time units we need to use the concept ... View the full answer