Microsoft Project 2016: The “Microsoft Project 2016” refers to project management software which helps the project managers for schedule development and resource assignment for tasks. It also helps the project managers to track progress, manage budget, and analyze assignments. It is a midrange tool offered by Microsoft at the year 2016. Other project management software tools: The list of other project management software tools is as follows: SCORO: It is one of the project management software, which helps to rationalize the complete work progress, so that the users need not use different tools for different tasks. PROOFHUB: It is one of the project management software, which has a simple and very good user interface to collaborate team more proficiently. ASANA (Smart phone application): It is one of the project management software for smart phones, which will support small, medium, and large team size and also it integrates Microsoft Office, CSV files, Gmail, and so on.

Question

using r language for integration theta = integral 0 to infinity (x^4)*e^(-x^2)/2 dx (1) use the density function of standard normal distribution N(0,1) f(x) = 1/sqrt(2pi) * e^(-x^2)/2 -infinity <x<infinity as importance function and obtain an estimate theta 1 for theta set m=100 for the estimate whatt is the estimate theta 1? (2)use the density function of gamma (r=5 λ=1/2)distribution f(x)=λ^r/Γ(r) x^(r-1)e^(-λx) x>=0 as importance function and obtain an estimate theta 2 for theta set m=1000 fir the estimate what is the estimate theta2? (3) use simulation (repeat 1000 times) to estimate the variance of the estimates theta1 and theta 2 which one has smaller variance?

Answer 1

Question

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Chapter 1, Problem 7E

Program Plan Intro

Microsoft Project 2016:

The “Microsoft Project 2016” refers to project management software which helps the project managers for schedule development and resource assignment for tasks.

It also helps the project managers to track progress, manage budget, and analyze assignments.

It is a midrange tool offered by Microsoft at the year 2016.

Other project management software tools:

The list of other project management software tools is as follows:

SCORO:

It is one of the project management software, which helps to rationalize the complete work progress, so that the users need not use different tools for different tasks.

PROOFHUB:

It is one of the project management software, which has a simple and very good user interface to collaborate team more proficiently.

ASANA (Smart phone application):

It is one of the project management software for smart phones, which will support small, medium, and large team size and also it integrates Microsoft Office, CSV files, Gmail, and so on.

Explanation of Solution

b.

Comparing other tools with Project 2016:

Explanation of Solution

c.

Justification for investing in enterprise or portfolio project management (PPM) software:

Organizations can justify their investment in enterprise or PPM software because it offers following things:

It distributes flexible work management solutions among businesses, departments, and group...

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