c. What is the expected project completion time? Note: Do not round intermediate calculations. Round your answer to 3 decimal places. Project completion time days d. What is the probability of completing this project within 20 days? Note: Use Excel's NORM.S.DIST function to find the correct probability for your computed Z value. Do not round intermediate calculations. Round Z value to 2 decimal places and final answer to 4 decimal places. Probability

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The following represents a project that should be scheduled using CPM:
ACTIVITY
ABCDEFGH
А
с
IMMEDIATE
PREDECESSORS
IAABUDR
C,D
D,E
F,G
TIMES (DAYS)
b
a
1
1
3
-
NTTTTE
1
1
1
1
2
m
5
WaNNASNU
2
5
4
2
2
6
3
∞∞NWO3770
9
10
12
8
Transcribed Image Text:The following represents a project that should be scheduled using CPM: ACTIVITY ABCDEFGH А с IMMEDIATE PREDECESSORS IAABUDR C,D D,E F,G TIMES (DAYS) b a 1 1 3 - NTTTTE 1 1 1 1 2 m 5 WaNNASNU 2 5 4 2 2 6 3 ∞∞NWO3770 9 10 12 8
c. What is the expected project completion time?
Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
Project completion time
days
d. What is the probability of completing this project within 20 days?
Note: Use Excel's NORM.S.DIST function to find the correct probability for your computed Z value. Do not round intermediate
calculations. Round Z value to 2 decimal places and final answer to 4 decimal places.
Probability
Transcribed Image Text:c. What is the expected project completion time? Note: Do not round intermediate calculations. Round your answer to 3 decimal places. Project completion time days d. What is the probability of completing this project within 20 days? Note: Use Excel's NORM.S.DIST function to find the correct probability for your computed Z value. Do not round intermediate calculations. Round Z value to 2 decimal places and final answer to 4 decimal places. Probability
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