Based on project information on kitchen space renovation as prepared below, fill in the timeestimates (t), activity variances (v) and answer all questions:ActivityPredecessorTime Estimates (in weeks)VOptimistic Most Likely Pessimisticam1011A9B8101813A9815A7Eв26.7FD5GВ, С123Determine the probability that the project will be completed in 23 weeks, 25 weeks and 27weeks.

Here, The expected activity time or time estimate could be determined using the formula, (Optimistic…

Answered: Determine the probability that the…

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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Th e dean of the business school wants to start off eringthis program starting 32 weeks from now. Using the informationprovided in Problem 15,(a) Calculate the probability of the program starting ontime.(b) If the dean needs a 95 percent probability of being doneon time, how long can the expected project duration be?
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Determine the probability that the project will be completed in 23 weeks, 25 weeks and 27 weeks.