Exercise 8: Given the following network, D7 A8 G5 Start E6 End B10 F7 H3 (a) What is the critical path? (b) How long will it take to complete this project? (c) Can activity B be delayed without delaying the completion of the project? If so, how many days? Exercise 9: Given the estimated activity times below and the network in Exercise 8 above, Activity a m b A 6.5 7.5 14.5 B 8.5 10.5 12.5 C 2.5 3.5 4.5 D 6.5 7.5 8.5 E 5.5 5.5 9.5 F 5.5 7.5 9.5 G 4.5 6.5 8.5 H 2.5 3.5 3.5 what is the probability that the project will be completed within (based on the path with the longest expected time): (a) 21 days? (b) 22 days? (c) 25 days?Exercise 15: Given the following financing project being considered by a venture firm, find the probability of completing the path with the longest expected duration by 17 weeks. By 24 weeks. By what date is management 90 percent sure that this path will be completed? Assignment 2 Time (weeks) Most Activity Optinustic Likely Possirak tic 1-2: Collect firm 1-3: Analyze data 10 1 -4 Determine need 2-6: Determine 7 13 profunbility 3-6: Evaluate risk 10 3-7: Interview owner 10 3-5: Check references 2 4-5: Evaluate industry 5-7: Evaluate economy 14 6-7: Decide funding If the venture firm can complete the project for the customer within 18 weeks, it will receive a bonus of $10,000. But if the project delays beyond 22 weeks, it must pay a penalty of $5,000 due to lost opportunity. If the firm can choose whether or not to bid on this project, what should its decision be if the project is only a breakeven one normally? Figure 8.152 shows the network. Start EndExercise 16: Given an auditing project with the following activities. Standard Activity Deviation Critical? Duration a, add b. balance C, count 0 4 d, deduct L. edit YES f, finance 6 E- group h, hold find: (a) The probability of completing the critical path in 12 weeks (or less), as the client desires. (b) The probability of completing the critical path in 13 weeks (or less). (c) The probability of completing the critical path in 16 weeks (or less), the client's drop-dead date. (d) The number of weeks required to assure a 92.5 percent chance of completing the critical path, as guaranteed by the auditing firm