Question: A construction activity has an uncertain duration (D) for competition. The duration was subjectively evaluated based on prior experiences with similar activities using a pessimistic

A construction activity has an uncertain duration (D) for competition. The duration was subjectively evaluated based on prior experiences with similar activities using a pessimistic estimate, best estimate, and optimistic estimate of 90, 120, 150 days. Determine the following probabilities:

(a) P(D >

100),

(b) P(D < 140),

(c) P(D = 125), and

(d) P(100 < D < 130).

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 Statistics Principles And Methods Questions!

Assume that a construction activity has an uncertain duration (D) for competition. The duration was subjectively evaluated based on prior experiences with similar activities as an interval with a...

Question 1 Which of these statements about this network is BEST? Group of answer choices Activities A and C are serial activities. Activities B and C are serial activities. Activities A and B are...

1)Identify the cash flow patterns for 2020 and 2019. What do these patterns tell us about Loblaw? 2)Calculate the average age percentage of Loblaws property and equipment for 2020 and 2019 and...

Read the Article below "5 Keys to estimating" and submit your summary feedback Abstract In the realm of project management, nothing is more valuable than estimates that accurately reflect reality,...

Name: PMAN 635 9041 Final Exam Please do any ten of the following questions. If you do all twelve, I will credit you for the best ten. Each question you do will be worth ten percent of your final...

Part I : There are many external users of the financial accounting information about a company. Investors, creditors, authorities, vendors, employees, and customers may all be impacted by the...

1) A project manger has identified the various activities to be done on his project and has marked these activities in the following chart. Identify the path with zero float from the details...

the subject is project management anwers asap Project Management Assignment 4_20% Task: lead the textbook and class notes posted in module for Ch. 9. Project Schedu Networks. Duration Estimation, and...

summarize the main idea of each article, discuss issues being highlighted briefly, give opinion pertaining the coverage of each article and provide recommendations for each issue in the article....

Yujin and Minju formed a partnership. The balance sheet as of July 31, 2015, for the business owned by Yujin, shows the following assets and liabilities: Cash 000 Accounts receivable Merchandise...

Consider an electron with charge e and mass m orbiting in a circle around a hydrogen nucleus (a single proton) with charge + e . In the classical model, the electron orbits around the nucleus, being...

What is meant by a link and node?

For any number A, verify that f (x) = e A-x , x A, is a density function. Compute the associated cumulative distribution for X.

1.6 Tn an experiment you were doing, or one that you were analysing, how would you decide whether certain observations were too large or too small to be considered as part of the basic data set?

1.S In the observing of a desired experimental effect example of Section 1.2 of this chapter, which interpretation of the data seems most appropriate to you? Why?

1.4* Why is the book Ars Coqjectundi by James Bernoulli of particular interest to people interested in Bayesian statistical inference?

The Elberta Fruit Farm of Ontario has always hired transient workers to pick its annual cherry croporation Janessa Wright, the farm manager, just received information on a cherry picking machine that...

Required information [The following information applies to the questions displayed below.] A company is considering investing in a new machine that requires a cash payment of $43,158 today. The...

Which of the following is considered to be a financial statement item that is viewed as part of sustainable income? O Loss due to hurricane damage Gross profit O Income from continuing operations O...