Question: Need help ASAP. will thumbs up!! begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} hline Activity & Activity ID & begin{tabular}{l} Pptimistic Time end{tabular} & begin{tabular}{c} Most Likely Time end{tabular}

Need help ASAP. will thumbs up!!

$Need help ASAP. will thumbs up!! \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline Activity & Activity$

$ID & \begin{tabular}{l} Pptimistic \\ Time \end{tabular} & \begin{tabular}{c} Most Likely \\$

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline Activity & Activity ID & \begin{tabular}{l} Pptimistic \\ Time \end{tabular} & \begin{tabular}{c} Most Likely \\ Time \end{tabular} & \begin{tabular}{c} Pessimistic \\ Time \end{tabular} & No & ormal Cost & \begin{tabular}{l} Crash \\ Time \end{tabular} & & Crash Cost \\ \hline Issue NPP & N1 & 1 & 3 & 5 & $ & 30,000 & & & \\ \hline Assign product ID number & N2 & 1 & 6 & 9 & $ & 57,700 & & & - \\ \hline Distribute NB samples & N3 & 2 & 9 & 14 & \$ & 87,700 & 3 & $ & 101,875 \\ \hline Establish manufacturing feasibility & Pr1 & 5 & 11 & 14 & $ & 106,500 & 4 & $ & 146,800 \\ \hline Manufacturing capacity analysis & Pr2 & 3 & 10 & 13 & $ & 95,400 & & & \\ \hline Label copy check & R1 & 3 & 7 & 9 & $ & 67,700 & - & & - \\ \hline Issue packaging specs & Pk1 & 5 & 13 & 19 & $ & 127,700 & 4 & $ & 140,705 \\ \hline Generate graphics for text and samples & A1 & 7 & 18 & 23 & $ & 173,000 & 6 & $ & 214,800 \\ \hline Packaging feasibility check & Pk2 & 3 & 9 & 13 & $ & 87,700 & & & \\ \hline Packaging capacity check & Pk3 & 2 & 6 & +11 & $ & 61,200 & & & - \\ \hline Formula development & RD1 & 39 & 76 & 162 & $ & 817,200 & 24 & $ & 1,418,900 \\ \hline Formula stability test & RD2 & 70 & 162 & 284 & & 1,655,000 & 40 & $ & 2,607,500 \\ \hline External lab test & E1 & 20 & 41 & 54 & $ & 400,700 & 14 & $ & 567,555 \\ \hline Issue preliminary card & RD3 & 1 & 3 & 5 & $ & 30,000 & - & & \\ \hline Produce marketing samples & Pk4 & 7 & 19 & 29 & $ & 187,700 & 6 & $ & 240,914 \\ \hline Profitability analysis & N4 & 1 & 10 & 21 & $ & 102,400 & & & \\ \hline Establish price & N5 & 1 & 10 & 18 & $ & 98,900 & - & & - \\ \hline Issue sell sheet & $1 & 20 & 48 & 57 & $ & 457,900 & 18 & $ & 562,537 \\ \hline Distribute marketing samples & 52 & 14 & 27 & 41 & $ & 271,200 & 13 & $ & 336,382 \\ \hline Final regulatory approval & R2 & 10 & 19 & 22 & $ & 183,000 & 8 & $ & 238,000 \\ \hline Scale up batch & Pr3 & 14 & 22 & 27 & $ & 216,500 & 10 & $ & 236,625 \\ \hline Issue manufacturing card & RD4 & 2 & 7 & 9 & $ & 66,500 & - & & \\ \hline Validation control & QC1 & 7 & 19 & 23 & $ & 180,700 & 6 & $ & 241,384 \\ \hline Initiate first packaging and production rur & 01 & 7 & 17 & 29 & $ & 172,400 & 5 & $ & 214,322 \\ \hline \end{tabular} 1) From the case narrative, the activity durations included in Exhibit A seem to provide optimistic estimates. Considering those estimates (also listed in the "Optimistic Time" column of Table 1E), a. Make an optimistic estimate of the project duration. b. Given your optimistic estimate, how likely is it that Midco's NPD project takes less than 5 months (150 days)? Justify your answer with a brief discussion. There is no need to calculate a probability here

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