Need help with calculating this practice problem correctly for statistics.

1. Suppose on your project you have run into a technical problem that you need a workaround for. Your team provides you with option A and option B. As the program manager. you want to assess the impact to both schedule and cost. Answer the following questions: The cost [for resources. software. and hardware) impact for the two options are as: a option A there is a 60% chance additional cost of Stilt; 40% chance of addl cost of $15k a option B there is a 20% chance with 34k addl cost; 25% chance 38k addl cost; 40% chance of $10k addl cost; 15% chance of addl $12k cost. Answer the following using quantitative analysis: The schedule delay impact for the two options are as: a option A - there is a 40% chance there is 1 wk delay and 60% chance of a 2 wk delay. a option B - there is a 20% chance there is no delay; 25% of 1 wk delay; 40% change of 2 wk delay; and 15% chance of a 3 wk delay. Determine the expected schedule delays for both options. Based purely on delay, which option would you go with? Why? Determine the expected monetary Value for option A and option B. Based purely on Expected monetary value. which option would you go with? Why? E. Based on both the expected delay and expected monetary value, which option would you go with? Why? 2. (5 pts} Estimate the expected schedule delay for option A only by doing a Monte Carlo Simulation. Make sure you add a chart that shows that as you do more iterations {show min 100 iterations], your estimate comes closer and closer to the answer you get by using quantitative risk analysis directly. PS")