Question: Variance is given, but you need standard deviation to complete ie square root of variance. Using probabilistic times. Q: 11-22 A project was planned using

Variance is given, but you need standard deviation to complete ie square root of variance. Using probabilistic times.

Variance is given, but you need standard

Q: 11-22 A project was planned using PERT with three time estimates. The expected completion time of the project was determined to be 40 weeks. The vari- ance of the critical path is 9. (a) What is the probability that the project will be finished in 40 weeks or less? (b) What is the probability that the project will take longer than 40 weeks? (c) What is the probability that the project will be finished in 46 weeks or less? (d) What is the probability that the project will take longer than 46 weeks

Step by Step Solution

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!

Risk and Derivatives Since we do not know what will happen in the future, the cashflows envisaged in the analyses described above are estimates or expectations. Actual outcomes are always variable,...

2. Consider that we have the following three time estimates for each of the tasks. Tasks Optimistic time (t.1 Pessimisti time it) Expected duration It) B C D E F 1 3 1 4 5 2 Most likely timet 2 5 2 5...

Task 7 1. A discrete random variable has a mean of 400 and a variance of 64. What is the standard deviation? (Points : 1) 20 64 8 400 None of the above Question 2. 2. Data for a particular...

K L M N O I J Ahalyzing Historical Risk vs. Return for a Company. Choose a company that you are using in the investment challenge and complete the following steps. Print these instructions and follow...

Mechanical Engineering Department ME 406- Manufacturing and Design Project B (Engineering Statistics and Manufacturing) Title of the Project Engineering Statistics, Quality Control, Regression...

2. Consider that we have the following three time estimates for each of the tasks. Tasks Optimistic time (to) Pessimistic time (to) Most likely time (tm) 2 Expected duration (te) A 1 3 7 B 3 5 1 3 D...

Logistics Management System (LMS) Project Maxispeed, a multinational company has planned to invest in a new project. This project is to develop an alternative online management system that supports...

kindly solve the question however if you are not able to do all please do the 6,7, 8 and 9 thanks Logistics Management System (LMS) Project Maxispeed, a multinational company has planned to invest in...

For the task network shown in the diagram below, perform the following: Task B 5 days Task C 2 days Task A 2 days Task D 5 days Task F 5 days Task E 6 days Consider that we have the following three...

1 1 - 1 8 The Laurenster Corporation is getting into the construction business. A list of activities and their optimistic, most likely, and pessimistic completion times are given in the following...

A series LCR circuit has resonant frequency 0 and a large quality factor Q. Write down in terms of R, , 0 and Q (a) Its impedance at resonance, (b) Its impedance at the half-power points, and (c) The...

Which of the following are the conditions needed to prove an act of a partner is an act of a partnership firm? A. Such an act be done in a ordinary course of a partnership firm B. It must be related...

In consolidations subsequent to the initial consolidation, which of the following is true? Variable interest entity ( VIE ) income is allocated among the VIE and the primary beneficiaries. All...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...