Question: Mean Variance BA360 Exercise on PERT Consider the network described in the table below. (Time is in days) Immediate Activity Predecessor(s) Pessimistic Probable Optimistic J

Mean Variance BA360 Exercise on PERT Consider the

Mean Variance BA360 Exercise on PERT Consider the network described in the table below. (Time is in days) Immediate Activity Predecessor(s) Pessimistic Probable Optimistic J 15 10 8 9 8 7 10 6 J 3 K.M KM LN .11 5 .69 K L M N O 3 0 8 6.5 3 5 7 7.5 9 10 3 1 4 5 7 1.78 1 1.36 10 8 3 e. What is the probability that the critical path will be finished in 24 days or less? f. Number of days that would result in 99% probability of completion days

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!

Consider the network described in the table below. Time in weeks. Activity Immediate Predecessor(s) Pessimistic Probable Optimistic J -- 15 10 8 K -- 9 8 6 L J 10 6 5 M J 3 3 4 N K,M 9 5 2 O K,M 12 7...

2. Consider the network described in the table below. (40 marks) Immediate Predecessor(s) Activity J K L M N o P. J J KM KM LN Pessimistic 15 9 10 3 9 10 10 Probable 10 8 6 3 5 7 8 Optimistic 8 7 5 3...

Consider the network described in the table on the right. Activity Immediate Predecessor(s) Pessimistic Probable Optimistic 15 10 8 J K L 9 8 7 a. Calculate the expected duration of each activity. 10...

Kelle Carpet and Trim installs carpet in commercial offices. Peter Kelle has been very concerned with the amount of time it took to complete several recent jobs. Some of his workers are very...

Instructions The Unit Exercises are designed to reflect the understanding of key concepts and techniques of POM and evaluate students analytical skills. There will be 5 exercise sets during the...

1. Consider the network described in the table below. Activity Immediate Predecessor(s) Pessimistic Probable Optimistic J -- 15 10 8 K -- 9 8 7 L J 10 6 5 M J 5 5 5 N K, M 9 5 1 O K, M 10 7 4 P L, N...

please let me know if these are correct Which of the following is used for computations in CPM? O A. optimistic time OB. most likely time C. pessimistic time D. normal time Which of the following is...

Unit 2 Exercise 1. Below is a network diagram that represents a university revamp project. The project manager analyzes this project using the critical path (CP) method. Activity durations are...

Explain briefly what is meant by 'the auditor's desired level of audit risk' and how it relates to the auditor's desired level of assurance. Explain briefly how setting materiality limits at...

1. At the start of a reaction, there are x grams of chemical X present. At timer seconds after the start, the rate of decrease of x is proportional to xr. a Using k as constant of proportionality,...

Music-Is-Us, Inc., is a supplier of musical instruments for professional and amateur musicians. The company's accountants make adjusting entries monthly, and they make all closing entries annually....

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...