Time Estimates (days)Activity OptimisticSTARTMost LikelyPessimisiticImmediate Predecessor(s)000A5B0CDEFGHI1632JKLFINISHAABDC526524C, GHJ, KE, F, L4324240D1253U2223-20810220TO15START3012DG Consider the office renovation project data in the following table. A "zero" time estimate means that the activity couldtake a very small amount of time and should be treated as a numeric zero in the analysis.Click the icon to view the table.a. Based on the critical path, find the probability of completing the office renovation project by 40 days. Refer to thestandard normal table. (Make sure to round all intermediate calculations for to and variance to two decimal places.)The probability is . (Enter your response rounded to four decimal places.)

To find the probability of completing the office renovation project by 40 days based on the critical…

Answered: Time Estimates (days) Activity…

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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Case Study—Several Different Styles Vanessa Mills was recently hired to work at a branch of Lakeshore Bank as a personal banker. The branch is very busy and has a large staff, including three on-site managers. As a new employee, Vanessa is trying to figure out how to succeed as a personal banker while meeting the expectations of her three very different managers. Vanessa is paid a salary, but also receives a commission for activities including opening new accounts and selling new services to customers such as credit cards, lines of credit, loans, and stock accounts. Personal bankers are expected to open a certain number of accounts each month and build relationships with customers by exploring their various banking needs and offering services to meet those needs. Marion Woods is one of the managers at Vanessa’s branch. She has worked for Lakeshore Bank for 10 years and prides herself on the success of the branch. Marion openly talks about employees’ progress in terms of the number of…
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Case Study: Josh Breitt, Rachel Starr, and Justin Diamond started an advertising agency to serve the needs of small businesses selling in and around their metropolitan area. Breitt contributed a talent for writing scripts and wooing clients. Starr brought a wealth of media contacts, and Diamond handled art and graphic design. Their quirky ad campaigns soon attracted a stream of projects from car dealers, community banks, and small retailers. Since the agency’s first year, these clients keep the doors open while the firm wins contracts from other companies. Breitt, Starr & Diamond (BS&D) prospered by helping clients stay current, and the agency grew to meet demand, adding two administrative assistants, three salespeople, a social media expert, and a retired human resource manager, who works 10 hours per week. As the firm grew, the partners were being pulled away from their areas of expertise to answer questions from the staff and solve problems about how to coordinate work,…
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A O Standord Max Мaximize Р — 10х + 12y subject to x + 2y 0 Screen clipping taken: 11/23/2019 6:23 AM C Мaximize P 3 3х + 4у + 5z subject to x + y + z 0, z 20 Screen clipping taken: 11/23/2019 6:24 AM D Maximize P = 12x + 10y + 5z subject to 2х + у +zs 10 3x + 5y + z < 45 2x + 5y + z < 40 x 2 0, y 2 0, z 2 0 Screen clipping taken: 11/23/2019 6:25 AM
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AutoSave Module 7 Excel Quiz Excel Search Sebastian Beltran 回 X Off SB File Home Insert Page Layout Formulas Data Review View Help A Share Comments Insert Calibri v 11 ab Delete Paste $ • % 9 58 28 Conditional Format as Cell Sort & Find & Ideas Sensitivity BI U A K0 .00 00 0 v Format Formatting v Table v Styles v Filter Select Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity C23 fx A В C D E F G H K M Q R U 7 Perpetual Inventory Using FIFO 8 Beginning inventory, purchases,and sales data for Keurig coffee machines are as follows: 9. 10 June 1 Inventory 50 units at $10 11 6. Sale 20 units 12 14 Purchase 90 units at $11 13 19 Sale 60 units 14 25 Purchase 40 units at $13 15 30 Sale 50 units 16 17 The business maintains a perpetual inventory system, costing by the first-in, first-out method. 18 Using the chart below, determine the cost of ending inventory. 19 20 Sales Date Purchases Inventory 21 (Cost of goods) 22 Unit Cost Total Unit Cost Total Unit Cost Total 23 24…
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Normal Crash Time Activity Time (days) (days) 3 6 4 umber.) A B C $800 $250 $600 $750 $1,200 4 days? Fill in the table below. (Enter your responses as whole numbers.) Each Activity Should be Reduced BY (days) D E 4 8 5 7 7 4 Activity Normal Cost ABCDE Total Cost with Crashing Immediate Predecessor(s) $1,100 $600 $650 $1,500 $1,650 | ||40| - C
Case study 8.2: Price cuts for medicines Chemists at risk as prices are slashed12 BY NIGEL HAWKES, HEALTH EDITOR Big price cuts on a wide range of medicines and vitamins were promised by the supermarket chains yesterday as 30 years of price-fixing were swept aside. Many popular products, including painkillers, cough medicines, indigestion tablets and nutritional supplements are being halved in price from last night, with reductions of between 20 and 40 per cent on many others. The Office of Fair Trading called it excellent news for consumers but the body representing small pharmacies said that many would close, threatening community services. The big supermarkets trumpeted ‘millions of pounds-worth of savings’ as they competed to offer the biggest reductions. At Asda, a packet of 16 regular Anadin will be 87p, instead of £1.75, and Nurofen tablets will cost £1.14 for 16, rather than £2.29. Reductions at Tesco included a 40 per cent cut in Anadin Extra, to £1.29 for 16, while…
Quarter 2 Flora Co intends to expand the business to include a home delivery service. The delivery van is expected to cost $20,000 and the business has a 60% chance of the new delivery service being successful. The following decision tree has been produced to represent this decision. The final profit figures in the decision tree are based upon whether demand is good or poor for the new delivery service. Expand Cost of van ($20,000) Key D Don't expand Decision Outcome Success 0.6 Failure 0.4 A B Good 0.7 Poor 0.3 Good 0.2 Poor 0.8 $600,000 $100,000 $10,000 $8,000 $0

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