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a) The probability of completing the critical path in 
12 weeks (or less), as the client desires. (b)  The probability of completing the critical path in 
13 weeks (or less). c)  The probability of completing the critical path in 
16 weeks (or less), the client’s drop-dead date.

a) The probability of completing the critical path in 
12 weeks (or less), as the client desires. (b)  The probability of completing the critical path in 
13 weeks (or less). c)  The probability of completing the critical path in 
16 weeks (or less), the client’s drop-dead date.

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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1.16

Given an auditing project with the following activities,

please refer to the first pic 

find:
(a) The probability of completing the critical path in 
12 weeks (or less), as the client desires.

(b)  The probability of completing the critical path in 
13 weeks (or less).

c)  The probability of completing the critical path in 
16 weeks (or less), the

client’s drop-dead date.
(d) The number of weeks required to assure a 92.5 percent chance of completing the critical path, as guaranteed by the auditing firm.

Activity a, add b, balance c, count d, deduct e, edit f, finance g, group h, hold Standard Deviation 2 1 0 3 1 2 2 0 Critical? yes yes yes yes yes Duration 2 3 4 2 1 6 4 2
Transcribed Image Text:Activity a, add b, balance c, count d, deduct e, edit f, finance g, group h, hold Standard Deviation 2 1 0 3 1 2 2 0 Critical? yes yes yes yes yes Duration 2 3 4 2 1 6 4 2
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