Question: Question 4. [5 Points) The following project is being considered by a venture firm. a) find the probability of completing the project in: i) 17

Question 4. [5 Points) The following project is

Question 4. [5 Points) The following project is being considered by a venture firm. a) find the probability of completing the project in: i) 17 weeks ii) 22 weeks. b) by what time can management be 90% confident it will complete the project. c) If the project is completed before the 18th week a $10 000 bonus will be awarded. And, if the project is delayed beyond than the 24th week, a $5 000 penalty will be paid. Calculate the expected gain/loss to the firm? Activity Predecessor Optimistic Most Likely Pessimistic Duration Duration D uration (weeks) (weeks) (weeks) 5 11 11 10 10 2 58 A 1 7 13 B 4 4 10 B 4 B - 2 C 0 6 6 GH 8 | 14 JD,E 4 7 10 10 2 2

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