### Project Activity AnalysisA project consists of four activities (A, B, C, and D) that need to be performed sequentially. The probability distributions for the time required to complete each of the activities are as follows:#### Table: Activity Time and Probability| **Activity** | **Activity Time (weeks)** | **Probability** ||--------------|---------------------------|-----------------|| A | 5 | 0.20 || | 6 | 0.35 || | 7 | 0.30 || | 8 | 0.15 || B | 3 | 0.15 || | 5 | 0.60 || | 7 | 0.25 || C | 10 | 0.10 || | 12 | 0.25 || | 14 | 0.35 || | 16 | 0.25 || | 18 | 0.05 || D | 8 | 0.55 || | 10 | 0.45 |### Tasks**(a)** Construct a spreadsheet simulation model to estimate the average length of the project (in weeks) and the standard deviation of the project length. Use the following parameters:- Conduct at least 1,000 trials.- Round your answers to one decimal place.**Average:** ____ weeks **Standard deviation:** ____ weeks**(b)** Determine the estimated probability that the project will be completed in 35 weeks or less. Use the following parameters:- Conduct at least 1,000 trials.- Round your answer to three decimal places.**Probability of completion in 35 weeks or less:** ____

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Answered: A project has four activities (A, B, C,…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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