subject
Business, 07.12.2021 02:30 JamierW2005

Bill Fredlund, president of Lincoln Log Construction, is considering placing a bid on a building project. Bill has determined that five tasks would need to be performed to carry out the proj- ect. Using the PERT three-estimate approach, Bill has obtained the estimates in the next table for how long these tasks will take. Also shown are the precedence relationships for these tasks. There is a penalty of $500,000 if the project is not completed in 11 weeks. Therefore, Bill is very interested in how likely it is that his company could finish the project in time.(a) Construct the project network for this project. T(b) Find the estimate of the mean and variance of the durationof each activity.(c) Find the mean critical path. T(d) Find the approximate probability of completing the projectwithin 11 weeks.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 16:30
Why is investing in a mutual fund less risky than investing in a particular company’s stock?
Answers: 3
question
Business, 22.06.2019 19:00
Consider the following information on stocks a, b, c and their returns (in decimals) in each state: state prob. of state a b c boom 20% 0.27 0.22 0.16 good 45% 0.16 0.09 0.07 poor 25% 0.03 0 0.03 bust 10% -0.08 -0.04 -0.02 if your portfolio is invested 25% in a, 40% in b, and 35% in c, what is the standard deviation of the portfolio in percent? answer to two decimals, carry intermediate calcs. to at least four decimals.
Answers: 2
question
Business, 22.06.2019 20:30
Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the β€œface” of capitalism that each has adopted
Answers: 2
question
Business, 23.06.2019 05:30
What type of stock does a large company issue?
Answers: 3
You know the right answer?
Bill Fredlund, president of Lincoln Log Construction, is considering placing a bid on a building pro...
Questions
question
Mathematics, 08.04.2020 20:51
question
Mathematics, 08.04.2020 20:51
question
Mathematics, 08.04.2020 20:51
Questions on the website: 13722367