Answer the following question Problem 3Assume that a certain project has an expected finish time of 32 days and variance of 9 days.Find the probability that the project will be completed: (6 points each)(a) Within 26 days(b) Between 29 and 35 days.You may need the following formula to solve this question:(X-μ)2=σlarrow to view it full screen, or use

Given: Mean μ=32, variance σ2=9 The variance is 9 which means the standard deviation σ is 3.(a)Let X…

Answered: Problem 3 Assume that a certain project…

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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Look at the following data on a major city's cab fares and analyze. Pickup time Drop off time Passenger Count Distance in miles Total Fare Total Tip 1/1/2021 0:00 1/1/2021 0:1O 2.35 10.5 1/1/2021 0:0O 1/1/2021 0:07 2 0.9 1/1/2021 0:00 1/1/2021 0:17 1 4.1 16 1/1/2021 0:00 1/1/2021 0:02 1 0.96 4.5 1/1/2021 0:00 1/1/2021 0:19 1 9.4 27.5 1/1/2021 0:0O 1/1/2021 0:03 0.95 5 1.76 1/1/2021 0:00 1/1/2021 0:04 1 0.7 5 2.6 1/1/2021 0:00 1/1/2021 0:09 2.66 10 4.14 1/1/2021 0:00 1/1/2021 0:02 1 0.76 4 1/1/2021 0:01 1/1/2021 0:07 3 1.48 7.5 a. Use any method to perform a time series analysis and forecast and predict the amount of fares and sales for the future. O o
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