Freeze Inc.’s CEO established as a goal for top management to complete the project on or before 22 weeks. What is the probability that this project will be completed on or before 22 weeks?
Freeze Inc.’s CEO established as a goal for top management to complete the project on or before 22 weeks. What is the probability that this project will be completed on or before 22 weeks?
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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Need help solving C and D.
D) Freeze Inc.’s CEO established as a goal for top management to complete the project on or before 22 weeks. What
is the probability that this project will be completed on or before 22 weeks?

Transcribed Image Text:Problem #2- Freeze Inc. is planning the implementation of a new sales offices in the Tampa - FL area for its growing air conditioning
business and have identified activities and their immediate predecessors for this project as follows:
p: Pessimistic
Time (weeks)
m: Most Likely
a: Optimistic
Time (weeks)
Activity
Activity Description
Immediate
Predecessors
Time (weeks)
Locate new facilities
None
8.
12
Order furniture
13
3.
Interview prospective staff
Hire and train staff
None
2
10
4.
3.
8
15
5.
Remodel facilities
10
18
Receive and set up furniture
Move in and start up
2
2
4, 5, 6
1
1
1
Draw the Activity-on-Node (AON) diagram using the following representation for every node:
Activity
Description
ES
Expected
Time
EF
LS
LF
Slack

Transcribed Image Text:POINSomplete the following table, calculate the project variance and project standard deviation. Demonstrate all your
calcolawos.
Activity
Activity Description
Activity
Expected Time
Activity
Variance
1
Locate new facilities
Order furniture
3
Interview prospective staff
Hire and train staff
Remodel facilities
Receive and set up furniture
Move in and start up
4.
6.
Criteria
Ratings
Pts
FEB
28
dtv A x w
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