Question: Problem 3. (PERT for risk management.) Consider this project network. The following table shows a,m,b (in days) for each activity of the project. Please answer

Problem 3. (PERT for risk management.) ConsiderProblem 3. (PERT for risk management.) Consider

Problem 3. (PERT for risk management.) Consider this project network. The following table shows a,m,b (in days) for each activity of the project. Please answer the following questions. 1. Compute te (expectation), (standard deviation) and V (variance) of the duration of each activity. (Note: Keep one decimal place after the dot in your result.) 2. Identify the critical path by visual inspection. (Hint: there are total 4 paths from start to end.) The critical path(s) 3. Compute Te (expectation) and VP (variance) of the duration of the project. (Note: keep one decimal place after the dot in your result.) 4. What's the probability that the project is completed within 23 days. 5. For what project due date (denoted as Ts ) is the project to be completed on time with 95% chance

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