Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please assume that the provided pessimistic and optimistic values in the problem are based on 99 percentile level. Please provide a table or tables


 
 

Please assume that the provided pessimistic and optimistic values in the problem are based on 99 percentile level. Please provide a table or tables that show the mean, std. dev., and variance for each activity and for each path, and all relevant probability values. Please show work for at least one instance of each calculation, that is, show work for: - one set of calculation of the mean, standard deviation and variance at activity level - one set of calculation of the mean, standard deviation and variance at the path level - calculation of probability Please note that submitting an Excel file with embedded formulas does not meet the requirement for showing the work. The network does not need to be reproduced in the submission. Activity A 0/0/0 Activity B 14/20/40 Activity C 10/15/20 Activity D 17/25/55 Activity E 10/14/20 Activity F 8/12/20 Activity G 25/30/50 Activity H 0/0/0 What are the probabilities (in percent) of finishing the project in 55 day, 60 days, and 65 days? The requested probabilities should be determined based on the entire network and not just one path.

Step by Step Solution

3.39 Rating (146 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the mean standard deviation and variance for each activity and path we need to know the ... 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

Managerial Accounting for Managers

Authors: Eric Noreen, Peter Brewer, Ray Garrison

2nd edition

978-0077403485, 77403487, 73527130, 978-0073527130

More Books

Students also viewed these Finance questions