Given the project information below, what is the probability of completing the National Holiday Toy project...
Given the project information below, what is the probability of completing the National Holiday Toy project in 93 time units? Hint: Use the =NORM.S.DIST(z, TRUE) function in Excel to compute the probability. (Carry at least 3 decimal places in all intermediate calculations and the Z value. Enter your final probability answer to 3 decimal places.)
| Acct. ID | Description | Predecessor | Optimistic (a) | Most Likely (m) | Pessimistic (b) | Activity Time (te) | Variance [(b - a)/6]2 |
Critical ? |
| 1 | Design package | None | 6 | 12 | 24 | 13 | 9 | x |
| 2 | Design product | 1 | 17 | 19 | 28 | 20.17 | 3.36 | x |
| 3 | Build package | 1 | 4 | 7 | 10 | 7 | 1 | |
| 4 | Secure patent | 2 | 21 | 30 | 39 | 30 | 9 | |
| 5 | Build product | 2 | 17 | 29 | 47 | 30 | 25 | x |
| 6 | Paint | 3,4,5 | 4 | 7 | 10 | 7 | 1 | x |
| 7 | Test market | 6 | 13 | 17 | 19 | 16.67 | 1 | x |
1). The probability of completing the project in 93-time units is______.
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Homework Answers
Critical Path using activity time :
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Given the project information below, what is the probability of
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