Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Construct a PERT network. [NOTE: This is the most crucial part of the exercise. Make sure you have the correct network before proceeding to

image text in transcribed 1) Construct a PERT network. [NOTE: This is the most crucial part of the exercise. Make sure you have the correct network before proceeding to the next sections.] 2) By using te and ES, EF, LF, LS, state TIMES on the network. Find the slack of each activity and identify the Critical Path. 3) Find the average completion time ( x Xbar) and ( Sigma), the standard deviation, for the project - round off the standard deviation to the nearest hundredth: two decimal places. 4) What is the completion time at 68% and 99% Confidence Interval? 5) What is the likelihood of this project being completed in more than 26 days? 6) What is the likelihood of this project being completed in les than 24 days? 1) Construct a PERT network. [NOTE: This is the most crucial part of the exercise. Make sure you have the correct network before proceeding to the next sections.] 2) By using te and ES, EF, LF, LS, state TIMES on the network. Find the slack of each activity and identify the Critical Path. 3) Find the average completion time ( x Xbar) and ( Sigma), the standard deviation, for the project - round off the standard deviation to the nearest hundredth: two decimal places. 4) What is the completion time at 68% and 99% Confidence Interval? 5) What is the likelihood of this project being completed in more than 26 days? 6) What is the likelihood of this project being completed in les than 24 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting What the Numbers Mean

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,

9th Edition

978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062

More Books

Students also viewed these Accounting questions