Question: Problem 17-10 (Static) The project described in the following table has just begun. It is scheduled to be completed in 11 weeks. UseTable B1andTable B2.

Problem 17-10 (Static)

The project described in the following table has just begun. It is scheduled to be completed in 11 weeks.

UseTable B1andTable B2.

Estimated Time Standard Deviation

Path Activity (weeks) (weeks.) A C 4 0.70

D 6 0.90

B E 3 0.62

F 9 1.90

Click here for the Excel Data File

a.If you were the manager of this project, would you be concerned?(Round your intermediate calculations to 2 decimal places and"Probability" valuesto 4 decimal places.)

Yes or No because the probability of finishing on schedule is about _______

b.If there is a penalty of $5,000 a week for each week the project is late, what is the probability of incurring a penalty of at least $5,000?(Round your intermediate calculations to 2 decimal places and"Probability" valuesto 4 decimal places.)

Probability _________

Please explain in detail.

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