Calculate the probability of completing the above project for Test Marketers, Inc. in 25 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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Calculate the probability of completing the
above project for Test Marketers, Inc. in 25
days.
Students are requested to show all calculations
(can do this question by hand on paper, take a
photo, save it as pdf or jpg file) and upload it
here.
Upload
Transcribed Image Text:Calculate the probability of completing the above project for Test Marketers, Inc. in 25 days. Students are requested to show all calculations (can do this question by hand on paper, take a photo, save it as pdf or jpg file) and upload it here. Upload
The expected times and variances for the
activities for a project for Test Marketers, Inc.
are given below. (Assume time is provided in
days.)
ID
12345678
Description
Pilot production
Select channels of distrib.
Develop mktg. program
Test market
Patent
Full production
Ad promotion
Release
Predecessor
None
None
None
1
1
4
3
2,5,6,7
t₂
6
7
4
4
10
16
3
2
Varlance
[(b-a)/6]²
34225221
10
Transcribed Image Text:The expected times and variances for the activities for a project for Test Marketers, Inc. are given below. (Assume time is provided in days.) ID 12345678 Description Pilot production Select channels of distrib. Develop mktg. program Test market Patent Full production Ad promotion Release Predecessor None None None 1 1 4 3 2,5,6,7 t₂ 6 7 4 4 10 16 3 2 Varlance [(b-a)/6]² 34225221 10
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