The expected times and variances for the project activities follow. Complete the table showing which activities are critical. ID Description Predecessor to Variance Critical? Pilot production Select channels of distrib. Develop mktg. program None 3. 2 None 13 4. 3 None 18 4. Test market 4 5. Patent 1. 24 Full production Ad promotion 6. 4 8 10 3 17 8. Release 2,5,6,7 1 What is the probability of completing the project in 28 periods? Hint: Use the =NORM.S.DIST(2, TRUE) function in Excel to compute the probability. (Do not round intermediate calculations. Round the final answer to 3 decimal places, i.e., 0.750.) The probability of completing the project in 28 periods
The expected times and variances for the project activities follow. Complete the table showing which activities are critical. ID Description Predecessor to Variance Critical? Pilot production Select channels of distrib. Develop mktg. program None 3. 2 None 13 4. 3 None 18 4. Test market 4 5. Patent 1. 24 Full production Ad promotion 6. 4 8 10 3 17 8. Release 2,5,6,7 1 What is the probability of completing the project in 28 periods? Hint: Use the =NORM.S.DIST(2, TRUE) function in Excel to compute the probability. (Do not round intermediate calculations. Round the final answer to 3 decimal places, i.e., 0.750.) The probability of completing the project in 28 periods
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
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![The expected times and variances for the project activities follow. Complete the table showing which activities are critical.
ID
Description
Predecessor
te
Variance
Critical?
Pilot production
None
3
2.
Select channels of distrib.
None
13
4
3
Develop mktg. program
None
18
2
4
Test market
1.
Patent
24
Full production
4
10
7
Ad promotion
3.
17
2
8.
Release
2,5,6,7
2
What is the probability of completing the project in 28 periods? Hint: Use the =NORM.S.DIST(2, TRUE) function in Excel to
compute the probability. (Do not round intermediate calculations. Round the final answer to 3 decimal places, i.e., 0.75o.)
The probability of completing the project in 28 periods](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F63f3bb66-5494-4f2d-9b46-9c96f024bcf1%2Fbb4df1c8-8270-47d5-8dc5-57f028debb57%2Ftva1gzi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The expected times and variances for the project activities follow. Complete the table showing which activities are critical.
ID
Description
Predecessor
te
Variance
Critical?
Pilot production
None
3
2.
Select channels of distrib.
None
13
4
3
Develop mktg. program
None
18
2
4
Test market
1.
Patent
24
Full production
4
10
7
Ad promotion
3.
17
2
8.
Release
2,5,6,7
2
What is the probability of completing the project in 28 periods? Hint: Use the =NORM.S.DIST(2, TRUE) function in Excel to
compute the probability. (Do not round intermediate calculations. Round the final answer to 3 decimal places, i.e., 0.75o.)
The probability of completing the project in 28 periods
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