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Please show all steps An industrial development project has a budget given below. Budget Budget Under-Run Budget Over-Run $ Millions Planning (Optimistic) (Pessimistic) Most Likely
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An industrial development project has a budget given below. Budget Budget Under-Run Budget Over-Run $ Millions Planning (Optimistic) (Pessimistic) Most Likely Budget Scenario Budget Scenario Scenario (ML) (0) (P) 35.5 30 47 Component 1: Start-Up Costs and Training Component 2: Equipment, Operations and Maintenance Component 3: Insurance & Waste Disposal 102 97 122 12 10 15 a) Use the Method of Moments (MoM) to find the mean m, variance V for each item, total project variance, and the project's standard deviation. b) Get the Total Risk Value ($) and Risk % for this project. c) Construct the PROJECT RISK TABLE. An industrial development project has a budget given below. Budget Budget Under-Run Budget Over-Run $ Millions Planning (Optimistic) (Pessimistic) Most Likely Budget Scenario Budget Scenario Scenario (ML) (0) (P) 35.5 30 47 Component 1: Start-Up Costs and Training Component 2: Equipment, Operations and Maintenance Component 3: Insurance & Waste Disposal 102 97 122 12 10 15 a) Use the Method of Moments (MoM) to find the mean m, variance V for each item, total project variance, and the project's standard deviation. b) Get the Total Risk Value ($) and Risk % for this project. c) Construct the PROJECT RISK TABLEStep by Step Solution
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