Solve the following question using PNET. Enter your answers correct to 3 decimal places. What is the mean and variance of the duration for each activity? Activity Predecessors Optimistic Time Most Likely Time Pessimistic Time Mean Variance A None 50 65 74 None 58 61 76 A 36 57 84 A 24 57 84 55 79 85 61 79 85 Enter the following details Correlation with longest Probability of path finishing earlier than 206 Activities in path (eg ABC) Variance of Mean duration duration path days Longest path Second longest path Third longest path Shortest path What is the probability that the project will finish earlier than 206 days? Enter your answers correct to 3 decimal places.

Solve the following question using PNET. Enter your answers correct to 3 decimal places. What is the mean and variance of the duration for each activity? Activity Predecessors Optimistic Time Most Likely Time Pessimistic Time Mean Variance A None 50 65 74 None 58 61 76 A 36 57 84 A 24 57 84 55 79 85 61 79 85 Enter the following details Correlation with longest Probability of path finishing earlier than 206 Activities in path (eg ABC) Variance of Mean duration duration path days Longest path Second longest path Third longest path Shortest path What is the probability that the project will finish earlier than 206 days? Enter your answers correct to 3 decimal places.

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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Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

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Ch. 12 Q9
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