Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given a simple Project like the one pictured above. Optimistic / Most Likely / Pessimist Times were assessed and Path Means and Path Standard

 

Given a simple Project like the one pictured above. Optimistic / Most Likely / Pessimist Times were assessed and Path Means and Path Standard Deviations were calculated. For Path 1-2-5 we have a Path Mean = 34 and a Path Standard Deviation = 3. For Path 1-3-4-5 we have a Path Mean = 29 and a Path Standard Deviation = 2. Determine both the Probability that Path 1-2-5 will finish in 34 Days or Less and the Probability that the Project wi finish in 34 Days or Less. 0.977249938: 0.977249919 0.95220967: 0.952209396 0.5 0.49689516 0.908788718:0.908785627

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

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Marketing questions