Question: This question relates to a new project. It has an expected completion time of 25 weeks and a variance of 3.88. a) The deadline for

This question relates to a new project. It has an

This question relates to a new project. It has an expected completion time of 25 weeks and a variance of 3.88.

a) The deadline for the project is 28 weeks. What is the probability of finishing late? Express as a percentage.

b)What is the probability of finishing the project in 24 weeks? Express as percentage.

c)What is the probability of finishing between 24 and 23 weeks? Express as a percentage.

d)What timeline would yield a 60% probability of completing? Express as a number of weeks.

An advertising agency CEO has gathered the activity information for a new advertising campaign as shown in the accompanying table. Activity Time estimate weeks Most Likely Pessimistic Optimistic Immediate Predecessors 1 4 A B D E F G 2 3 6 3 6 3 13 7 7 6 14 12 16 6 B A A,C B E,F 6 8 1 5 6 An advertising agency CEO has gathered the activity information for a new advertising campaign as shown in the accompanying table. Activity Time estimate weeks Most Likely Pessimistic Optimistic Immediate Predecessors 1 4 A B D E F G 2 3 6 3 6 3 13 7 7 6 14 12 16 6 B A A,C B E,F 6 8 1 5 6

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