Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A project manager has compiled a list of major activities that will be required to install a computer information system in her firm. The list

A project manager has compiled a list of major activities that will be required to install a computer information system in her firm. The list includes estimated completion times for activities and precedence relationships.
Use Table B1 and Table B2.
Activity Immediate
Predecessor Estimated Times
(weeks)
A 2-4-6
D A 6-8-10
E D 7-9-12
H E 2-3-5
F A 3-4-8
G F 5-7-9
B 2-2-3
I B 2-3-6
J I 3-4-5
K J 4-5-8
C 5-8-12
M C 1-1-1
N M 6-7-11
O N 8-9-13
End H, G, K, O
Click here for the Excel Data File
a. Determine the mean and standard deviation for each of the following paths in the project. (Round Mean and Standard Deviation to 2 decimal places.)
b. If the project finishes within 26 weeks of its start, the project manager receives a $1,000 bonus. What is the probability of a $1,000 bonus? (Round z-value to 2 decimal places, and probability to 4 decimal places.)
c. If the project finishes within 27 weeks of its start, the project manager receives a $500 bonus. What is the probability of a $500 bonus? (Round z-value to 2 decimal places, and probability to 4 decimal places.)

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_2

Step: 3

blur-text-image_3

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

Lean Knowledge Management

Authors: Roger Forsgren

1st Edition

1637421338, 978-1637421338

More Books

Students also viewed these General Management questions

Question

What is protectionism? lPO05

Answered: 1 week ago