Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Given the following financing project being considered by the venture film, find out the critical path probability of completion by 17 weeks. By 24 weeks. By what date is management 90 percent sure completion will take place?

Times (weeks)
Activity Optimistic Most Likely Pessimistic
1-2 5 11 11
1-3 10 10 10
1-4 2 5 8
2-6 1 7 13
3-6 4 4 10
3-7 4 7 10
3-5 2 2 2
4-50 6 6  
5-72 8 14  
6-71 4 7  

If the venture firm can complete project for the customer in 18 weeks, it will receive the bonus of $10,000. But if the project delays beyond 22 weeks, it should pay a penalty of $5,000 because of lost customer impact. If the firm can select whether or not to bid on this project, what should its decision be if project is only a breakeven one normally?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922785

Have any Question? 


Related Questions in Statistics and Probability

In minitab open the data set pulsemtw you may assume that

In Minitab, open the data set PULSE.mtw. You may assume that these 92 students are a random sample of all undergraduates. (a) Obtain a 95% confidence interval for µ F  - µ M , the extent to which average pulse rates of f ...

Two population meansa tomato farmer with a very large farm

Two Population Means A tomato farmer with a very large farm of approximately 2200 acres had heard about a new type of rather expensive fertilizer which would supposedly significantly increase his production. The frugal f ...

The us express reported that the color distribution for

The US Express reported that the color distribution for plain M&M's was: 40%brown, 20% yellow, 20% orange, 10% green, and 10% tan. Each piece of candy in a random sample of 100 plain M&M's was classified according to col ...

A professor has learned that four students in her class of

A professor has learned that four students in her class of 18 will cheat on the exam. She decides to focus her attention on seven randomly chosen students during the exam. a. What is the probability that she finds at lea ...

1 why are researchers often interested in the proportion of

1. Why are researchers often interested in the proportion of total variance that is systematic variance? 2. What would the proportion of total variance that is systematic variance indicate if it were .25? .OO? .98?

Resource reservation protocol rsvp was originally designed

Resource Reservation Protocol (RSVP) was originally designed to establish signaling links for stationary networks. RSVP was applied to mobile wireless technology. A simulation study revealed that the transmission delay ( ...

1 what are order effects and how does counterbalancing help

1. What are order effects, and how does counterbalancing help us deal with them? 2. Distinguish between treatment, confound, and error variance. 3. Which is worse--confound variance or error variance? Why?

Shoesmith wave inc a new and largely unproven economic

Shoesmith Wave, Inc., a new and largely unproven economic forecasting service, expects the inflation rate in South Korea to average 9 percent per year over the next five years. In comparison, Shoesmith expects a U.S. inf ...

1 a study was conducted at a local college to analyze the

1. A study was conducted at a local college to analyze the average GPA of students graduated from Arizona State in 2012. 100 students graduated from Arizona in 2012 were randomly selected,and the average GPA for the grou ...

The number of accidents occurring per week at a dangerous

The number of accidents occurring per week at a dangerous intersection, recorded over a period of 6 weeks are, 2, 1, 6, 5, 1, 3. What is the sample standard deviation for this data?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro