Calculate the probability of completing the above project for Test Marketers, Inc. in 25 days.
Calculate the probability of completing the above project for Test Marketers, Inc. in 25 days.
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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![**Assignment Instructions:**
**Task:** Calculate the probability of completing the above project for Test Marketers, Inc. in 25 days.
**Instructions for Students:**
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Transcribed Image Text:**Assignment Instructions:**
**Task:** Calculate the probability of completing the above project for Test Marketers, Inc. in 25 days.
**Instructions for Students:**
- Show all calculations.
- You may perform this task by hand on paper.
- After completing the calculations, take a photo and save it as a PDF or JPG file.
- Upload the file here.
[Upload Button]
---
No graphs or diagrams are included in the image.
![**Project Activities for Test Marketers, Inc.**
The expected times and variances for the activities associated with a project for Test Marketers, Inc. are detailed below. All time estimates are in days.
| ID | Description | Predecessor | \( t_e \) | Variance \(\left[\frac{(b-a)}{6}\right]^2\) |
|----|--------------------------------|-------------------------|-----------|--------------------------------------------|
| 1 | Pilot production | None | 6 | 3 |
| 2 | Select channels of distrib. | None | 7 | 4 |
| 3 | Develop mktg. program | None | 4 | 2 |
| 4 | Test market | 1 | 4 | 2 |
| 5 | Patent | 1 | 10 | 5 |
| 6 | Full production | 4 | 16 | 10 |
| 7 | Ad promotion | 3 | 3 | 2 |
| 8 | Release | 2, 5, 6, 7 | 2 | 1 |
- **ID:** A unique identifier for each project activity.
- **Description:** A brief description of the task.
- **Predecessor:** Activities that must be completed before this one can start.
- **\( t_e \):** Expected completion time in days for the activity.
- **Variance:** A measure of the uncertainty or variability in the activity’s duration. Calculated using the formula \(\left[\frac{(b-a)}{6}\right]^2\).
This information helps plan and manage project timelines effectively by indicating potential overlaps and dependencies between activities.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F801f7f30-9280-440d-8188-3cd251363077%2F697e483e-4acf-4924-ab2a-f57c67ba971a%2F92ni6q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Project Activities for Test Marketers, Inc.**
The expected times and variances for the activities associated with a project for Test Marketers, Inc. are detailed below. All time estimates are in days.
| ID | Description | Predecessor | \( t_e \) | Variance \(\left[\frac{(b-a)}{6}\right]^2\) |
|----|--------------------------------|-------------------------|-----------|--------------------------------------------|
| 1 | Pilot production | None | 6 | 3 |
| 2 | Select channels of distrib. | None | 7 | 4 |
| 3 | Develop mktg. program | None | 4 | 2 |
| 4 | Test market | 1 | 4 | 2 |
| 5 | Patent | 1 | 10 | 5 |
| 6 | Full production | 4 | 16 | 10 |
| 7 | Ad promotion | 3 | 3 | 2 |
| 8 | Release | 2, 5, 6, 7 | 2 | 1 |
- **ID:** A unique identifier for each project activity.
- **Description:** A brief description of the task.
- **Predecessor:** Activities that must be completed before this one can start.
- **\( t_e \):** Expected completion time in days for the activity.
- **Variance:** A measure of the uncertainty or variability in the activity’s duration. Calculated using the formula \(\left[\frac{(b-a)}{6}\right]^2\).
This information helps plan and manage project timelines effectively by indicating potential overlaps and dependencies between activities.
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