Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Time estimates Expected Variance Activity Optimistic Most Likely Pessimistic Time (ET) (6²) m 40 50 60 31 a b A 31 49 B 44 56 C 48 72 D 22 34 Assume each time estimate consists of one data point Start A B D End 2) What is the estimated Standard Deviation in the time for activity C? (Round to the nearest whole number) A. 0 days B. 4 days C. 9 days D. 10 days E. 33 days

Time estimates Expected Variance Activity Optimistic Most Likely Pessimistic Time (ET) (6²) m 40 50 60 31 a b A 31 49 B 44 56 C 48 72 D 22 34 Assume each time estimate consists of one data point Start A B D End 2) What is the estimated Standard Deviation in the time for activity C? (Round to the nearest whole number) A. 0 days B. 4 days C. 9 days D. 10 days E. 33 days

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question
100%
Time estimates Expected Variance Activity Optimistic Most Likely Pessimistic Time (ET) (0²) a A 31 B 44 C 48 72 D 22 34 Assume each time estimate consists of one data point Start m 40 50 60 31 b 49 56 B D End 2) What is the estimated Standard Deviation in the time for activity C? (Round to the nearest whole number) A. 0 days B. 4 days C. 9 days D. 10 days E. 33 days
Transcribed Image Text:Time estimates Expected Variance Activity Optimistic Most Likely Pessimistic Time (ET) (0²) a A 31 B 44 C 48 72 D 22 34 Assume each time estimate consists of one data point Start m 40 50 60 31 b 49 56 B D End 2) What is the estimated Standard Deviation in the time for activity C? (Round to the nearest whole number) A. 0 days B. 4 days C. 9 days D. 10 days E. 33 days
Expert Solution
Step 1

Formulae used: 

Expected time is (E)= (O + 4M + P)6.

Variance (σ2)=P-O62

Standard Deviation=σ2

Where,

(O)=Optimistic Time

(M)=Most likely Time

(P)= Pessimistic time 

 

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS