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2. Reduce job 3 by two days. ONo O Yes 3. Reduce job 5 by two days. Yes O No e. What is the probability that the project will take more than 28 days to complete? (Round your answer to 2 decimal places.) Probability

2. Reduce job 3 by two days. ONo O Yes 3. Reduce job 5 by two days. Yes O No e. What is the probability that the project will take more than 28 days to complete? (Round your answer to 2 decimal places.) Probability

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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answer part e & 1-3 pls

The following table represents a plan for a project: TIMES (DAYS) PREDECESSOR JOB (S) JOB NO. a 1 5 1 4 13 1 5 11 1 3 4 5 2 2 4 6 3 1. 6 7 4 12 8 5,6 1 3 9 8 1 7 10 7 3 5 11 9,10 3 5 10 b. Indicate the critical path. O 1-2-5-8-9-11 O 1-2-5-8 O1-4-7-10-11 O 1-3-6-8-9-11 c. What is the expected completion time for the project? (Round your answer to 2 decimal places.) Expected completion time 26.50 days d. You can accomplish any one of the following at an additional cost of $1,500 and if you will save $1,000 for each day that the earliest completion time is reduced, which action, if any, would you choose?
Transcribed Image Text:The following table represents a plan for a project: TIMES (DAYS) PREDECESSOR JOB (S) JOB NO. a 1 5 1 4 13 1 5 11 1 3 4 5 2 2 4 6 3 1. 6 7 4 12 8 5,6 1 3 9 8 1 7 10 7 3 5 11 9,10 3 5 10 b. Indicate the critical path. O 1-2-5-8-9-11 O 1-2-5-8 O1-4-7-10-11 O 1-3-6-8-9-11 c. What is the expected completion time for the project? (Round your answer to 2 decimal places.) Expected completion time 26.50 days d. You can accomplish any one of the following at an additional cost of $1,500 and if you will save $1,000 for each day that the earliest completion time is reduced, which action, if any, would you choose?
1. Reduce job 7 by two days. O Yes O No 2. Reduce job 3 by two days. O No O Yes 3. Reduce job 5 by two days. O Yes O No e. What is the probability that the project will take more than 28 days to complete? (Round your answer to 2 decimal places.) Probability
Transcribed Image Text:1. Reduce job 7 by two days. O Yes O No 2. Reduce job 3 by two days. O No O Yes 3. Reduce job 5 by two days. O Yes O No e. What is the probability that the project will take more than 28 days to complete? (Round your answer to 2 decimal places.) Probability
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