Question 2The owner of a "Sweet Things Bakery” is considering a new computer system for accounting and inventorycontrol. A computer company sent the following information about the system installation.ImmediateMostMostMostActivity Predecessor OptimisticLikely PessimisticA234B2310CA81114DA31317EB2412FC4518GD, E6714HF, G6918(i). Determine the expected time and variance for each activity(ii). Draw the activity network for this project, showing the ES, EF, LS, LF and slack for each activity.(iii). State the critical path for the project.(iv). What are the expected time and variance of the project?(v). What is the probability that the project will be completed in 25 days?(vi). What completion time has a 98% chance of being met?

Answered: The owner of a "Sweet Things Bakery" is…

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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