Answered: Calculate the schedule durations for a…

Calculate the schedule durations for a 68.26%, 95.44% and 99.73% confidence level? Optimistic = 59 days Most likely = 63 days Pessimistic = 75 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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Question

Calculate the schedule durations for a 68.26%, 95.44% and 99.73% confidence level?

Optimistic = 59 days

Most likely = 63 days

Pessimistic = 75 days

Processes involved in arranging, controlling, and optimizing the workloads and work activities in a manufacturing or production setup to minimize cost and increase the efficiency of staff and equipment.

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