A plant engineering group needs to set up an assembly line to produce a new product. The
Question:
If using Crystal Ball, assume that the duration of each activity follows a BetaPert distribution, with the three time estimates shown for that activity. Otherwise, assume that each activity time is normally distributed with expected time and standard deviation computed as shown in equations 7-6 and 7-8, respectively, on page 283. Round off all activity times to two decimal places.
(a) Use simulation to determine the probability that the project will finish in 37 days or less.
(b) Use simulation to determine the probability that the project will take more than 32 days.
Transcribed Image Text:
DAYS IMMEDIATE ACTIVITY a m bPREDECESSORS 8 10 B, C 17 9 12 F. G E, F, H
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 47% (17 reviews)
tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style0 msonumberformatGeneral textaligngeneral verticalalignbottom whitespacenowrap msorotate0 msobackgroundsourceauto msopatt...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Decision Modeling With Spreadsheets
ISBN: 718
3rd Edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
Question Posted:
Students also viewed these Statistics questions
-
The Laurenster Corporation needs to set up an assembly line to produce a new product. The following table describes the relationships among the activities that need to be completed for this product...
-
You have been asked to set up an assembly line to assemble a computer mouse. The precedence network is shown in Exhibit 8.12; task times in minutes are given in parentheses. There are 480 minutes of...
-
You have been asked to set up an assembly line to assemble a computer mouse. The precedence network is shown in Exhibit 8.12; task times in minutes are given in parentheses. There are 480 minutes of...
-
Titanium metal requires a photon with a minimum energy of 6.94 10 - 19 J to emit electrons. (a) What is the minimum frequency of light necessary to emit electrons from titanium via the photoelectric...
-
Chen Company established a $200 petty cash fund on January 1, 2016. Required a. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Record the establishment...
-
About 63% of the residents in a town are in favor of building a new high school. One hundred five residents are randomly selected. What is the probability that the sample proportion in favor of...
-
Explain how HR strategy, and connected policies and practices, may result in higher performance
-
Strategic analysis of operating income (continuation of 13-26). Refer to Exercise 13-26. 1. Calculate the operating income of Snyder Corporation in 2008 and 2009. 2. Calculate the growth,...
-
Suppose FCFE = $900,000 for years 1-4 and then is expected to grow at a rate of 3%. Assume ke = 18%. If there are 500,000 shares outstanding, what is the predicted price of this stock?
-
Saji and Henry Lozano are married for all of 2022 and have an AGI of $130,000, taxable income of $120,000 and calculated income tax liability of $50,000. Their income tax liability in 2021 was...
-
Timberwolves Electric and Wiring Company installs wiring and electrical fixtures in residential construction. Andrew Dickel, the owner of Timberwolves, has been concerned with the amount of time it...
-
Luna Martinez, director of personnel at Management Resources, Inc., is in the process of designing a program that its customers can use in the job-finding process. Some of the activities include...
-
Solve the equation. y - 4 = 13
-
The transmitted energy expands out into space as it propagates at 3 GHz between the transmitter and the receiver over 30 km distance. Calculate the free space loss using a suitable formula and any...
-
What is the company featured in this episode of Undercover Boss? List 3 good professional activities that the CEO/president learned about their company by going undercover? List areas of the...
-
Assume there is a national lottery in the winning ticket is worth $10 million one winning ticket will be selected if there are 225 million tickets sold. What is the chance that a buyer of one ticket...
-
Description: Reference: Basu Thakur. (2015). PostcolonialTheory and Avatar (pp. 85-150,157-172). Bloomsbury PublishingUSAPre-Peer Paper Review for the Postcolonial Application Paper 1: Collecting...
-
NOT ASKING THE ACTUAL SHEAR STRESS. Please READ! Derive the shear stress distributed equation over the cross-section. Derive the equation and plot. 15 15 30 15 15 120 -90 20 0.5 m 72 kN 20 20 40 40...
-
Jay is a limited partner in Kappa Sales, a limited partnership. Jay is liable for the firms debts a. in no way. b. in proportion to the total number of partners in the firm. c. to the extent of his...
-
Complete the following acid-base reactions: (a) HCCH + NaH
-
Prepare an income statement. (LO 1) The Blues Corporation had the following for the year ended December 31, 2007. \section*{Required} Assume the corporation is subject to a \(40 \%\) tax rate....
-
Consider the following set of constraints: X1 + 2x2 + 2x3 + 4x4 40 2x1 - x2 + x3 + 2x4 8 4x1 + 2x2 + x3 - x4 10 X1, x2, x3, x4 0 Solve the problem for each of the following objective functions....
-
Consider the following system of equations: Let x 5 , x 6 ,..., and X 8 be a given initial basic feasible solution. Suppose that X l becomes basic. Which of the given basic variables must become non...
-
Consider the following LP: Maximize z = x3 Subject to (a) Solve the problem by inspection (do not use the Gauss-Jordan row operations), and justify the answer in terms of the basic solutions of the...
-
XF Ltd. Is an expanding private company in the electric trade. Accounts preparing in January 2019 included the following information: Profit Statement for the year ended 31 st December 2018 Kshs.000...
-
Check On June 15, 2021, Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington D.C., for $340 million. The expected completion date is April...
-
Q.1 Bassem Company purchased OMR420,000 in merchandise on account during the month of April, and merchandise costing OMR $350,000 was sold on account for OMR 425,000. Required: 1. Prepare journal...
Study smarter with the SolutionInn App