Question: The following table represents a plan for a project: TIMES (DAYS) JOB NO. PREDECESSOR JOB(S) a m b 1 1 3 8 2 1 3
| The following table represents a plan for a project: |
| TIMES (DAYS) | ||||
| JOB NO. | PREDECESSOR JOB(S) | a | m | b |
| 1 | 1 | 3 | 8 | |
| 2 | 1 | 3 | 3 | 6 |
| 3 | 1 | 3 | 6 | 12 |
| 4 | 1 | 5 | 7 | 12 |
| 5 | 2 | 3 | 6 | 12 |
| 6 | 3 | 1 | 2 | 3 |
| 7 | 4 | 2 | 9 | 10 |
| 8 | 5, 6 | 2 | 4 | 6 |
| 9 | 8 | 2 | 4 | 12 |
| 10 | 7 | 4 | 4 | 7 |
| 11 | 9, 10 | 2 | 11 | 11 |
| You can accomplish any one of the following at an additional cost of $2,000. If you will save $1,500 for each day that the earliest completion time is reduced, which of the following actions should be taken, if any? |
| 1. | Reduce job 6 by two days? Yes or No |
| 2. | Reduce job 4 by two day? Yes or NO |
| 3. | Reduce job 9 by two days? Yes or No |
| e. | What is the probability that the project will take more than 35 days to complete? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to 4 decimal places.) |
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