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Required i) The expected duration and variance for each activity. ii) The project network. iii) The expected project length.

Required i) The expected duration and variance for each activity. ii) The project network. iii) The expected project length.

Practical Management Science
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 2 a) A small project is composed of seven activities, whose time estimates are listed below. Activities are identifies by their beginning (i) and ending (j) note numbers: Activity (i–j) 1-2 1-3 1-4 2-5 3-5 4-6 5-6 Optimistic 2 2 4 2 4 4 6 Estimated Durations (in Days) Most Likely 2 8 4 2 10 10 12 Required i) The expected duration and variance for each activity. ii) The project network. iii) The expected project length. Pessimistic 14 14 16 2 28 16 30
Transcribed Image Text:Question 2 a) A small project is composed of seven activities, whose time estimates are listed below. Activities are identifies by their beginning (i) and ending (j) note numbers: Activity (i–j) 1-2 1-3 1-4 2-5 3-5 4-6 5-6 Optimistic 2 2 4 2 4 4 6 Estimated Durations (in Days) Most Likely 2 8 4 2 10 10 12 Required i) The expected duration and variance for each activity. ii) The project network. iii) The expected project length. Pessimistic 14 14 16 2 28 16 30
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