Question: Problem 4 - 1 2 ( Static ) The following table represents a plan for a project: TIMES ( DAYS ) JOB NO . PREDECESSOR

Problem 4-12(Static)
The following table represents a plan for a project:
TIMES (DAYS)JOB NO.PREDECESSOR
JOB(S)amb12342112331451241341152135631237418985,6246982412107345119,10578
b.Indicate the critical path.
multiple choice 1
1-4-7-10-11
1-2-5-8-9-11
1-3-6-8-9-11
c. What is the expected completion time for the project? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
d. You can accomplish any one of the following at an additional cost of $1,500. If you will save $1,000 for each day that the earliest completion time is reduced, which of the following actions should be taken, if any?
1. Reduce job 5 by two days.
multiple choice 2
Yes
No
2. Reduce job 3 by two days.
multiple choice 3
Yes
No
3. Reduce job 7 by two days.
multiple choice 4
Yes
No
e. What is the probability that the project will take more than 30 days to complete? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Other than the expected completion time you entered in part c above, do not round intermediate calculations. Round "z" value to 2 decimal places your final answer to 4 decimal places.)

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