Use the following information to answer the questions below: TIMES (DAYS) PREDECESSOR JOB NO. JOB (S) a 4. 2 4. 12 4. 4 11 5 1 2. 3 4. 1 9. 8 5, 6 4 8. 4 12 10 7. 4. 5. 11 9, 10 8 b. Indicate the critical path. O 1-4-7-10-11 O 1-3-6-8-9-11 O 1-2-5-8-9-11 c. What is the expected completion time for the project? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected completion time days

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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Please answer a few of Theese basic practice questions based off the chart
d. You can accomplish any one of the following at an additional cost of $1,500. If you will save $1,000 for each day that the earliest
completion time is reduced, which of the following actions should be taken, if any?
1. Reduce job 5 by two days.
O Yes
O No
2. Reduce job 3 by two days.
O Yes
O No
3. Reduce job 7 by two days.
O Yes
O No
e. What is the probability that the project will take more than 30 days to complete? (Use Excel's NORMSDIST() function to find the
correct probability for your computed Z-value. Other than the expected completion time you entered in part c above, do not round
intermediate calculations. Round "z" value to 2 decimal places your final answer to 4 decimal places.)
Probability
Transcribed Image Text:d. You can accomplish any one of the following at an additional cost of $1,500. If you will save $1,000 for each day that the earliest completion time is reduced, which of the following actions should be taken, if any? 1. Reduce job 5 by two days. O Yes O No 2. Reduce job 3 by two days. O Yes O No 3. Reduce job 7 by two days. O Yes O No e. What is the probability that the project will take more than 30 days to complete? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Other than the expected completion time you entered in part c above, do not round intermediate calculations. Round "z" value to 2 decimal places your final answer to 4 decimal places.) Probability
Use the following information to answer the questions below:
ΤΙMES
DAYS)
PREDECESSOR
JOB NO.
JOB (S)
b
a
m
1
3
1
1
2
3
1
4
12
1
3
11
3
3
2-
4
5, 6
4.
6.
8
4.
12
10
4
11
9, 10
7
8
b. Indicate the critical path.
O 1-4-7-10-11
O 1-3-6-8-9-11
O 1-2-5-8-9-11
c. What is the expected completion time for the project? (Do not round intermediate calculations. Round your answer to 2 decimal
places.)
Expected completion time
days
Transcribed Image Text:Use the following information to answer the questions below: ΤΙMES DAYS) PREDECESSOR JOB NO. JOB (S) b a m 1 3 1 1 2 3 1 4 12 1 3 11 3 3 2- 4 5, 6 4. 6. 8 4. 12 10 4 11 9, 10 7 8 b. Indicate the critical path. O 1-4-7-10-11 O 1-3-6-8-9-11 O 1-2-5-8-9-11 c. What is the expected completion time for the project? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected completion time days
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