Recently, you were assigned to manage a project for your company. You have constructed a network diagram depicting the various activities in the project (shown below to the right). In addition, youhave asked your team to estimate the amount of time that they would expect each of the activities to take. Their responses are shown in the following table:exampleActivityABCDGet more help.ETime Estimates (days)Most LikelyOptimistic4541388548Pessimistic121275a. What is the expected completion time of the project?The expected completion time is 19 days. (Enter your response as an integer.)b. What is the probability of completing the project in 21 days? Refer to the standard normal table.The probability of completing the project in 21 days is9MacBook ProStart(Enter your response rounded to four decimal places.)0FinishQQClear allCheck answer

Critical path is the path that take the longest time to complete the whole project of an…

Answered: a. What is the expected completion time…

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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Linda is upset: she has to make another trip to the dry cleaners because they did not get a stain out of her new jacket as they had promised. This is an example of A.performance risk B.financial risk C.time-loss risk D.opportunity risk
The scope- or scope of work refers to: A. the amount of work required to get the event up B. the amount of work required to get the event upand running. C. the amount of work required to get the event upand running and then its implementation D.the amount of work required to get the event up and running and then to shut it down
Consider Bruno who manages an underwriting team in an insurance firm. Recently, the management of Bruno’s firm informed him of their decision to create a new risk assessment team, consisting of data scientists with machine learning expertise, and reduce the size of Bruno’s underwriting team. Bruno’s underwriting team will now work with the new risk assessment team in order to determine whether to provide insurance to applicants. Graphically illustrate the impact of the management’s restructuring decision on the firm’s production function. Your diagram should have the amount of human intelligence on the horizontal axis and the number of decisions on whether to provide insurance on the vertical axis. Fully label your diagram. Note that there are no actual numbers given in this question: you may make them up or simply use appropriate notations. Briefly explain the key information of your diagram.
You may need to use the appropriate technology to answer this question. Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 9 13 B Web scraping 6 10 12 C Testing A, B 1 1 1 (a) Construct the project network. (Submit a file with a maximum size of 1 MB.) (b) Based solely on the critical path, estimate the probability that the project will be complete within 12 weeks. (Round your answer to four decimal places.) It is not 0.9099 (c) Using all paths through the project network, estimate the probability that the project will be complete within 12 weeks. (Round…
A "decision procedure" for detecting a characteristic is . . . Select one: a. a procedure requiring an intelligent person to deliver a decision in a finite number of steps b. a mechanical procedure that will answer the question in a possibly-infinite number of steps c. a mechanical procedure that will usually answer the question in a finite number of steps d. a mechanical procedure that will always determine the presence of the characteristic in a finite number of steps e. any procedure that will provide an answer in a finite number of steps
1. Diesel is leaking from the ship onto the dock. Answer (circle one): interpretation sharing, projection sharing, fact sharing. 2. There is a fire station near the diesel leak. Those firefighters have been trained to respond to small diesel spills. Answer (circle one): interpretation sharing, projection sharing, fact sharing. 3. If the ship leaks more than 10,000 gallons of diesel, then we will need to send in additional firefighters and specialized equipment trucks through Route B. Answer (circle one): interpretation sharing, projection sharing, fact sharing.
In Benefit/cost ratio analysis, if the salvage value is used to recover the first cost, it is being considered as: Select one: a. negative cost b. cost c. benefit d. disbenefit =================== Ali takes out a loan at 10 percent compounded annually for 7 years. At the end of this period, he pays off the loan at a value of $23,384.61. What amount did he borrow? Select one: a. $12,000.00 b. $15,000.00 c. $14,000.00 d. $13,000.00 ============= While considering the engineering economy concepts, the most important tense almost all exercises deal with is the annual worth. Select one: True False Ans all
of the applicants are denied on this basis? 5. a. What is the probability that a normal variable exceeds two-sigma limits? (That is, what is the probability of observing a value of the random variable larger than µ + 20 or less than µ – 20?)
A spring gun, capable of inflicting death or serious injury: O Blew away much of Katko's right arm. OIs the best way to defend unoccupied property. O Can only be used to protect an unoccupied boarded-up farmhouse. O Cannot be used to protect an unoccupied boarded-up farmhouse. O Cannot be used to protect a farmhouse unless it is unoccupied.
Suppose that you have two four-sided dice that are each equally weighted (i.e. equal chance of any of the four sides landing face up). One of them has values [12.5968, 2, -2 and -12.5968] , the other [12.5968, 4, -2 and -12.5968] Which of them has a σ of 9 using the probability model approach. a) [12.5968, 2, -2 and -12.5968] B) [12.5968, 4, -2 and -12.5968]
The formula to determine tax payable is: a) Income before income tax expense (From the income tax return) multiplied by the income tax rate. b) Income before income tax expense (From the income tax statement) multiplied by the income tax rate. c) Taxable income (from the income tax return) multiplied by the income tax rate. d) Taxable income (from the income statement) multiplied by the income tax rate.
David works for Wool garments company as a production manager. He often participates in the annual budgeting process of the company. David is requested by the Chief Executive Officer Linda to submit his department’s budgeted production for the following year. Linda reviews and typically adds 10 percent to the production budget provide by David. The new amount becomes David’s target production level for the following year. David can receive a cash bonus if his department exceeds the projected production level. 3. Suggest what should be done to prevent a manager from providing inaccurate budgets which can easily achieved.

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