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The following table represents a plan for a project: JOB NUMBER PREDECESSOR JOB ( S ) TIMES ( DAYS ) a m b 1 2
The following table represents a plan for a project:
JOB NUMBER PREDECESSOR JOBS TIMES DAYS
a m b
b Indicate the critical path.
multiple choice
c What is the expected completion time for the project?
Note: Do not round intermediate calculations. Round your answer to decimal places.
d You can accomplish any one of the following at an additional cost of $ If you will save $ for each day that the earliest completion time is reduced, which of the following actions should be taken, if any?
Reduce job by two days.
multiple choice
Yes
No
Reduce job by two days.
multiple choice
Yes
No
Reduce job by two days.
multiple choice
Yes
No
e What is the probability that the project will take more than days to complete?
Note: Use Excel's NORMSDIST function to find the correct probability for your computed Zvalue. Other than the expected completion time you entered in part c above, do not round intermediate calculations. Round z value to decimal places and your final answer to decimal places
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