Given the following AON network and activity time estimates, determine the expected project completion timeand variance, as well as the probability that the project will be completed in 28 days or less:StartFinishTime Estimates (weeks)Activitym517271013374355466.3334

Determine the expected time and variance for every activity as follows - Time (t)=a+4m+b6 Variance…

Answered: Given the following AON network and…

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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Given the following AON network and activity time estimates, determine the expected project completion time and variance, as well as the probability that the project will be completed in 28 days or less: Start Finish Time Estimates (weeks) Activity m b 8 17 2 7 10 13 3 5 4. 3. 4 6. 6. 3. 3. 3 3. 7.