QUESTION 1 Activity LP A B C D AUS BO Time (Days) 3-6 2514 44 17 AB339 CP3 6 15 DO Exp. Time Variance 6 4.000 4 1.000 2 0111 4 1.000 7 4.000 7 CO Question 1 Using the tical path, what is the probability that the project will be completed in 20 days or moe0 Question 2 Uwing the cal path, what is the probability that the project will be completed in 11 days or less

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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QUESTION 1
Activity LP.
A
B
C
D
LE
A (6)
B(0)
Time (Days)
30 b
25 14
14 7
3
AB 3 39
C.D 31 6 15
DO
Exp. Time Variance.
4.000
1.000
6
4
2
4
50
7
0.111
1.000
4.000
CO
Question 1 Using t critical path, what is the probability that the project will be completed in 20 days or more 0
Question 2 Using the critical path, what is the probability that the project will be completed in 11 days or less?
Question 3. What is the expected completion time for this project?
Transcribed Image Text:QUESTION 1 Activity LP. A B C D LE A (6) B(0) Time (Days) 30 b 25 14 14 7 3 AB 3 39 C.D 31 6 15 DO Exp. Time Variance. 4.000 1.000 6 4 2 4 50 7 0.111 1.000 4.000 CO Question 1 Using t critical path, what is the probability that the project will be completed in 20 days or more 0 Question 2 Using the critical path, what is the probability that the project will be completed in 11 days or less? Question 3. What is the expected completion time for this project?
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