Question: Problem 3 ( 3 0 points ) HealthTech Innovations has developed a new health monitoring device called VitaBand. The research and development department believes that
Problem points
HealthTech Innovations has developed a new health monitoring device called "VitaBand". The
research and development department believes that this innovative device will expand the
company's footprint in the personal healthcare device market and significantly enhance its
profitability by promoting proactive health management.
The executive team has decided to conduct a comprehensive research study to explore the
potential success of VitaBand. This study will provide crucial insights into the production
processes and marketing strategies needed for successful launch and adoption. Below is a list of
the required activities in weeks for the research study and their durations.
a Complete the table above for all activities' Expected Times and Time Variance columns.
points
b Draw the project activity network diagram in the space below. points
c Determine all critical paths the expected project completion time of the new product
research study and its standard deviation. points
d Determine the probability that the new product research study will be completed in
weeks or less. Show your work. points
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