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A. What is the probability that path A-B-D-F-G will take from 100 to 120 days to complete? Answer = 40.2% B. What is the probability that path A-C-E-G will take less than 85 days to complete? Answer = 32.64% C. If the contract for the above project is 120 days, what is the chance of meeting the schedule? Answer = 86.3% D. What duration (number of full days) should be used to be at least 90% confident of finishing on time? Answer = 125 days - Probability of 93%

A. What is the probability that path A-B-D-F-G will take from 100 to 120 days to complete? Answer = 40.2% B. What is the probability that path A-C-E-G will take less than 85 days to complete? Answer = 32.64% C. If the contract for the above project is 120 days, what is the chance of meeting the schedule? Answer = 86.3% D. What duration (number of full days) should be used to be at least 90% confident of finishing on time? Answer = 125 days - Probability of 93%

Practical Management Science
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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A. What is the probability that path A-B-D-F-G will take from 100 to 120 days to complete? Answer = 40.2%

B. What is the probability that path A-C-E-G will take less than 85 days to complete? Answer = 32.64%

C. If the contract for the above project is 120 days, what is the chance of meeting the schedule? Answer = 86.3%

D. What duration (number of full days) should be used to be at least 90% confident of finishing on time? Answer = 125 days - Probability of 93%

Notation: To, Tm, Tp B D F 18,30,72 24,36,90 15,16,54 А 0,0,0 0,0,0 E 45,61,131 12,18,48
Transcribed Image Text:Notation: To, Tm, Tp B D F 18,30,72 24,36,90 15,16,54 А 0,0,0 0,0,0 E 45,61,131 12,18,48
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