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Essay Available:
Pages:
2 pages/≈550 words
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Subject:
Mathematics & Economics
Type:
Exam
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
\$ 5
Topic:

# probalbility and startisttics

Instructions:

The number of days the project will be completed, if the company projects a 99% probability for completion.

Z≤(T,-T2)/σ

Where

Z= Z score =2.58 at 99% confidence interval

Z=Z Score

σ=standard deviation

T,=mean completion time

T2=target competion time

2.58=(T,-50)/3.24

T,=58.35 days

QUESTION 2

. The probability that the project will be completed in 50 minutes.

Solution

Paths Duration Variance

ABDE

36.0 5.50

ACDE

46.0 6.90

Critical path

Project duration Variance Standard deviation

ACDE

46.0 minutes 6.90 2.627.

Content:

The number of days the project will be completed, if the company projects a 99% probability for completion.

Z≤T,-T2σ

Where

Z= Z scor

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