Question: The earliest expected finish time for a project is 138 days, and its required completion time is 130 days. What is the probability of completing

The earliest expected finish time for a project is 138 days, and its required completion time is 130 days. What is the probability of completing the project before its required time if σt (the standard deviation of the total of the activities on the longest path) is 6?

Step by Step Solution

★★★★★

3.38 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Z 130 138 6 133 The probability of completing the project betw... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

192-B-M-L-G-M (317).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Scheduling departmental manpower for a project is a very difficult task, even if slack time is available. Many managers would prefer to supply manpower at a constant rate rather than continually...

A project has an expected completion time of 40 weeks and a standard deviation of 5 weeks. It is assumed that the project completion time is normally distributed. (a) What is the probability of...

The following activities are required for completing a project: a. Draw a network diagram of this project showing the activities and their expected duration times. b. What is the critical path and...

The earliest expected finish time for a project is 1 3 8 days, and its required completion time is 1 3 0 days. What is the chance of completing the project by its required time if the standard...

Here is the link to question 2 https://www.chegg.com/homework-help/questions-and-answers/home-sellers-inc-helps-individuals-sell-homes-make-sale-following-tasks-must-completed-tas-q89513392 For the...

Problem 2 Home Sellers, lne , helps individuals sell their homes. To make a sale, the following tasks must be completed: The appraisal is done after the inspection. To get the sales permit, you must...

Problem 2 Home Sellers, lne , helps individuals sell their homes. To make a sale, the following tasks must be completed: a . Identify the immediate predecessors for each task. ( 4 points ) b . Draw...

Problem 3 For the project in Problem 2 , assume the task times are variable, with the optimistic, most likely, and pessimistic task times as follows: TASK TIME ( DAYS ) TASK DESCRIPTION OPTIMISTIC...

Determine whether a bond between each of the following pairs of atoms would be pure covalent, polar covalent, or ionic. Drag the appropriate items to their respective bins. Exercise 9.55 Part A...

At December 31, 2012, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2013, the deferred tax asset is $59,000. The corporations 2013 current tax expense is $61,000. What amount...

Which of the following would be most likely to issue financial instruments? Group of answer choices A household with a small amount saved A small business wanting to borrow to buy some machinery A...

During year 1, Jones Company engaged in the following transactions: Salary expense to key employees who are also principal owners $100,000 Sales to affiliated enterprises 250,000 Which of the two...

Locate a website that provides suggestions for developing effective proposals. Compare and contrast this information with what was presented in the chapter.

Based on what you have learned in this chapter, download the proposal and revise it. Highlight the areas you revised. What makes your revised proposal better than the original?

Evaluate the effectiveness of this proposal based on information you have studied in this chapter. Discuss the strengths and weaknesses of the proposal. Are there any items missing from the proposal...

Assignment: You are interested in proposing a new venture (Project I) to the management of your company. Pertinent financial information is given below. Balance Sheet Data Cash 2,500,000 Accounts...

6. The following accounts are reported for the Whitewasher Corp. for the end of fiscal year 2013 (all figures in millions): Cash = $12.0 Accounts Payable = $108.0 Inventories = $180.0 Total Current...

If b) is true (sample belongs to a population with a mean different than 82), what type of error are we making by not rejecting the null hypothesis in a)? Group of answer choices A)Error type II B)...