Question
Estimating probability of project completion using normal distribution 1PERT analysis indicates that a project has a mean completion time of 40 weeks , with a
Estimating probability of project completion using normal distribution
1PERT analysis indicates that a project has a mean completion time of 40 weeks, with a standard deviation of 2.8 weeks. Probability that the project can be finished in 35 weeks: P(X<35)
2Probability that the project will take longer than 42 weeks: P(X>42)
3Probability that the project will take between 39 to 45 weeks to be completed: P(39 4Probability that the project will be finished after 38 weeks: P(X>38) 5You must quote a delivery date to your client. If you wish to have a 97% service level (i.e., 97% chance that you will finish the project by that date), how many weeks from the start of the project should you set as that completion date?
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