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

A jury composed of seven members is called upon to find an

A jury composed of seven members is called upon to find an accused individual either guilty or innocent. Debbie is the jury forewoman, with Bobby and Jack appointed vice-foremen. The jury includes four more jurors, in ad ...

Suppose that x is a continuous random variable with pdf fxx

Suppose that X is a continuous random variable with pdf fx(x) = (lambda/2)e-lambda(abs(x)) for -infinity (question also attached for clarity)

The percentage of people with advanced degrees is 165 on

The percentage of people with advanced degrees is 16.5% on average if 1000 people are randomly selected what is the probability that the percentage of these poeple with advanced degrees is between 17% and 18.5%?

You are interested in using linear regression to test

You are interested in using linear regression to test whether drinking a protein shake improves weightlifting performance. From a sample of 200 college students, you estimate a linear regression with WEIGHTLIFT as the de ...

A statisticsnbspinstructor at a large western university

A statistics instructor at a large western university would like to examine the relationship (if any) between the number of optional homework problems students do during the semester and their final course grade. She ran ...

Explain how you would conduct the study in given question

Explain how you would conduct the study in given question as a within-subjects design. Question:- Imagine that you were conducting an experiment to examine the effect of generous role models on children's willingness to ...

A recent report suggested that older people think more

A recent report suggested that older people think more slowly than younger people because they have more information stored in their brains.  Because WeStudyEverything wasn't sure regarding the source of the study, they ...

A research concludes that the number of hours of exercise

A research concludes that the number of hours of exercise per week for adults is normally distributed with a mean of 3.5 hours and a standard deviation of 3 hours. Show all work. Just the answer, without supporting work, ...

According to a study conducted by dell computers 65 of men

According to a study conducted by Dell Computers, 65% of men and 70% of women say that weight is a very important factor in purchasing a laptop computer. Suppose this survey was conducted using 374 men and 481 women. Do ...

A sample of office assistants across the san francisco-bay

A sample of office assistants across the San Francisco-Bay Area was created. You want to build a model that will allow you to best predict a starting salary of potential new hires.  It was suggested that the data should ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen