SOLUTION: The project described in the following table has just begun. It is scheduled to be completed in 10 weeks.
Use Table B1 and Table B2.
Activity Estimated Time
(weeks) Standard
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-> SOLUTION: The project described in the following table has just begun. It is scheduled to be completed in 10 weeks.
Use Table B1 and Table B2.
Activity Estimated Time
(weeks) Standard
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Question 741293: The project described in the following table has just begun. It is scheduled to be completed in 10 weeks.
Use Table B1 and Table B2.
Activity Estimated Time
(weeks) Standard
Deviation (wks.)
1-2 5 0.59
2-4 3 0.94
1-3 4 0.50
3-4 9 1.70
a.
If you were the manager of this project, would you be concerned? (Round "Probability" values to 4 decimal places, intermediate calculations and final answers to 2 decimal places.)
b.
If there is a penalty of $5,000 a week for each week the project is late, what is the probability of incurring a penalty of at least $5,000? (Round "Probability" values to 4 decimal places, intermediate calculations and final answers to 2 decimal places.)
(