Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following estimates of activity times (in days) are available for a small project. Activity A B D E F Activity A B D

The following estimates of activity times (in days) are available for a small project. Activity A B D E F Activity A B D E Optimistic Most Probable F 5 7 6 6 5 4 6.0 8.0 6.5 8.0 6.0 5.0 (a) Compute the expected activity completion times and the variance for each activity. (Round your answers to two decimal places.) Expected Times Pessimistic Variance 7 9 9.5 9 8 6 (b) An analyst determined that the critical path consists of activities B-D-F. Compute the expected project completion time and the variance of this path. (Round your answers to two decimal places.) expected project completion time variance of projection completion time

Step by Step Solution

3.57 Rating (168 Votes )

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

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

Quantitative Methods For Business

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

11th Edition

978-0324651812, 324651813, 978-0324651751

More Books

Students also viewed these Finance questions

Question

In Exercises, find the limit. x-4 lim x-00x + 1

Answered: 1 week ago

Question

What is your theoretical orientation? (For Applied Programs Only)

Answered: 1 week ago

Question

What is a make-or-buy decision?

Answered: 1 week ago