You may need to use the appropriate technology to answer this question.Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapesdata from a collection of websites and then automatically generates a report for management on a daily basis.Time (Weeks)ActivityABсDescriptionReport generation5Web scrapingTestingimg20230305_11125728.pdfImmediatePredecessorA, BOptimistic141(a) Construct the project network. (Submit a file with a maximum size of 1 MB.)Choose File No file chosenMost Probable891Pessimistic12(d) Should you use the estimate in (b) or (c)?O The probability estimate from (b) based on the critical path is more accurate.The probability estimate from (c) based on both paths is more accurate.O The probability estimates from (b) and (c) are equal.111(b) Based solely on the critical path, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)0.9088X(c) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)0.8303X

Answered: Management Decision Systems (MDS) is a…

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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. Two servers in a restaurant predict how many guests will come for dinner in the nextfour days. The first server predicts the number of guests to be 23 for day 1, 35 for day 2,30 for day 3, and 28 for day 4. The second server predicts 26, 27, 28, and 29 for the fourrespective days. The actual attendance turns out to be 30, 22, 31, and 25. Who has thebigger forecast bias? What are the MSE and the MAE for the two servers?
с Grand Canyon University | Privat X Student Portal | Main Topic 1 - Decision Analysis - Homew Problem 4-25 eBook EVPI: $ Decision Alternative Manufacture, di Purchase, de https://v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker&takeAssignmentSessionLocator=&inprogress=false P(F)- State of Nature Low Demand Medium Demand High Demand 51 -20 10 X The Gorman Manufacturing Company must decide whether to manufacture a component part at its Milan, Michigan, plant or purchase the component part from a supplier. The resulting profit is dependent upon the demand for the product. The following payoff table shows the projected profit (in thousands of dollars): 52 40 45 BUS-660 Topic 1 DQ 1 53 100 70 The state-of-nature probabilities are P(S1) 0.35, P(S2) 0.35, and P(s) - 0.30. a. Use a decision tree to recommend a decision. Recommended decision: Purchase component b. Use EVPI to determine whether Gorman should attempt to obtain a better estimate of demand. d. What is Gorman's…
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