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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 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
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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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
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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