Homework Help is Here – Start Your Trial Now!
Business
Operations Management
The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is       var(x) = 1.22   The project cost involves A fixed cost (in thousands of dollars) of     FC = $83.783   A variable cost for each day taken to complete the project ($000) VC = $9.774     15 The variance of project cost is ________. a 116.548     b 113.153     c 109.858     d 106.658

The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is       var(x) = 1.22   The project cost involves A fixed cost (in thousands of dollars) of     FC = $83.783   A variable cost for each day taken to complete the project ($000) VC = $9.774     15 The variance of project cost is ________. a 116.548     b 113.153     c 109.858     d 106.658

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...
See similar textbooks
icon
Related questions
Question
The expected number of days to completion for a different project is E(x) = 3.32
The variance of days to completion is       var(x) = 1.22  
The project cost involves
A fixed cost (in thousands of dollars) of     FC = $83.783  
A variable cost for each day taken to complete the project ($000) VC = $9.774  

 

15 The variance of project cost is ________.
a 116.548    
b 113.153    
c 109.858    
d 106.658    
Expert Solution
Step 1

Given:

E(x)= 3.32 Var(x)= 1.22  Fixed cost= $83.783  Variable cost= $9.774    Project cost ( PC) = Fixed cost+ Variable cost = $83.783 +$9.774 x

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS