Question: Syed is using probability distribution to determine the time to use for a particular activity on his project. He estimates that if he puts

Syed is using probability distribution to determine the time to use for a particular activity on his project. He estimates that if he puts his best workers on the task that they will finish in 8 days. If he put his least experienced workers on the task they will finish in 20 days but if he has a mix of worker most likely they will be done in 11 days. What level of (sigma) should he use to estimate that the task will take between 8 and 16 days?

Step by Step Solution

★★★★★

3.50 Rating (153 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

during takeoff, an aircraft rises 100m for every 520m of horizontal motion. Determine the direction of its velocity

MECH 6541 NDT QUIZ -1 CONCORDIA 9 Calculate the welding hours for the welding procedure for the pipe butt weld using the average parameters shown in Data sheet GTAW root + FCAW fill for 20-inch ID...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

I Syed is using probability distribution to determine the time to use for a particular activity on his project. He estimates that if he puts his best workers on the task that they will finish in 8...

Syed is using probability distribution to determine the time to use for a particular activity on his project. He estimates that if he puts his best workers on the task that they will finish in 8...

F M a C C ( X 1 W 3 M D G + V X C e.centennialcollege.ca/d21/Ims/quizzing/user/attempt/quiz_start_frame_auto.d21?ou=791754&isprv=&drc=1&qi=451329&cfql=0&dnb=0&fromQB=0 . . . Test #1 X Time Limit:...

Canvas X CO F+ Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in...

Peter is using the Critical Path Method to estimate the duration of a particular activity without taking risk into consideration if the optimistic time is 6 days, the most likely time is 9 days and...

please use excel, show diagrams and formulas Saint John's Hospital Project In the interest of better serving the surrounding community, the board of St. John's Hospital has decided to move to a new...

Final Prob3.) You travel with 2 business associates to Las Vegas for a professional conference on new fast-food franchis concepts. Your success in business has brought you in contact with these...

A construction company has four separate projects it can pursue over next several years. The required amounts to start each project initial investments) now and the anticipated cash flows over the...

Find the population mean or sample mean as indicated. Sample: 20,13, 4,8,10

Ivanhoe Company began operations on January 1 , 2 0 2 3 , and uses the average - cost method of pricing inventory. Management is contemplating a change in inventory methods for 2 0 2 6 . The...

Sally hires a maid to work in her home for $260 per month. The maid is 25 years old and not related to Sally. During 2016, the maid worked 10 months for Sally. a. What is the amount of Social...

Thomas is an employer with one employee, Sarah. Sarahs wages are $19,450, and the state unemployment tax rate is 5.4 percent. Calculate the following amounts for Thomas: a. FUTA tax before the state...

Alex, Inc., buys 40 percent of Steinbart Company on January 1, 2017, for $530,000. The equity method of accounting is to be used. Steinbart's net assets on that date were $1.2 million. Any excess of...

Refer to the text discussion of Lopez Plastics Company on pages 136 140. Assume that the company has the traditional cost accounting system described in Exhibit 4-6 The top management team wants to...

Describe the role of the tax researcher. When does tax research need to be performed? What does the taxpayer usually expect you to do as a tax advisor?

uickBooks Online Certification Level 1: Sales and customers exam Question 10 What happens when you receive payment for an invoice and record it using the Undeposited Funds account? Select all the...

Scott Butterfield is self-employed as a CPA. He uses the cash method of accounting, and his Social Security number is 644-47-7833. His principal business code is 541211. Scott's CPA practice is...

Calculate the amount of the child and dependent care credit allowed for 2012 in each of the following cases, assuming the taxpayers had no income other than the stated amounts. a. William and Carla...

During 2012, Tom sold Sears stock for $10,000. The stock was purchased 4 years ago for $13,000. Tom also sold Ford Motor Company bonds for $35,000. The bonds were purchased 2 months ago for $30,000....

Suppose that a statistician wants to test the hypothesis that the mean of a normally distributed population is .536 against the alternative that the mean is not equal to .536. He decides to use a =...

The same test is given to two classes of students in statistics. The first class (41 students) has a mean score of 75 with a sample variance of 100; the second class (21 students) has a mean score of...

An educator has developed a new IQ test and would like to compare it to a certain widely used IQ test. He gives both tests to a randomly chosen group of 5 students, with the following results: