Question: PERT Expected Time Given the following financial project being consider by a venture firm, answer the following questions: a) What is the probability of completing

PERT Expected Time Given the following financial project being consider by a venture firm, answer the following questions: a) What is the probability of completing the project in 17 weeks? b) What is the probability of completing the project in 24 weeks? c) What time is management 90% sure they can meet?

PERT Expected Time Given the following financial

\begin{tabular}{|c|l|c|c|c|c|c|} \hline Activity & \multicolumn{1}{|c|}{ Description } & Optimistic Time & Most Likely Time & Pessimistic Time & Expected Time & Variance \\ \hline 12 & Collect firm data & 5 & 11 & 11 & & \\ \hline 13 & Analyze data & 10 & 10 & 10 & & \\ \hline 14 & Determine need & 2 & 5 & 8 & & \\ \hline 26 & Determine profitability & 1 & 7 & 13 & & \\ \hline 36 & Evaluate risk & 4 & 4 & 10 & & \\ \hline 37 & Interview owners & 4 & 7 & 10 & & \\ \hline 35 & Check references & 2 & 2 & 2 & & \\ \hline 45 & Evaluate industry & 0 & 6 & 6 & & \\ \hline 57 & Evaluate economy & 2 & 8 & 14 & & \\ \hline 67 & Decide funding & 1 & 4 & & \\ \hline \end{tabular} STAVDARD NORNAL DISIRTBUTION; Table Valees Represent AREA to the Lkit of the Z seere

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