please answer within 30 minutes.. Given the project information in the following table, what is the probability of completing the National Holiday Toy project in 95-timeunits? Hint: Use the =NORM.S.DIST(z, TRUE) function in Excel to compute the probability. (Carry at least 2 decimal places in your tasktime and variance calculations and at least 3 decimal places in your z value calculation. Enter your final probability answer to 3decimal places.)Acct. ID1234567DescriptionDesign packageDesign productBuild packageSecure patentBuild productPaintTest marketPredecessorNone11223,4,56Optimistic Most Likely Pessimistic(a)(m)(b)612241519284727297162417413The probability of completing the project in 95 time units is1036471219ActivityVarianceTime (te) [(ba)/6]2 Critical ?91319.83728307.33164.6914251.781XXXXX

A network diagram related to the project shows the sequence of the task that is performed to…

Answered: Given the project information in the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 21P

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A 4-year financial project has net cash flows of $20,000; $25,000; $30,000; and $50,000 in the next 4 years. It will cost $75,000 to implement the project. If the required rate of return is 0.2, conduct a discounted cash flow calculation to determine the NPV.
Management Firm is a consulting company that specializes in the development of decision support systems. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 8 12 B Web scraping 4 9 11 C Testing A, B 1 1 1 (A) Based solely on the critical path, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.) (b) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)
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Starts With a Bang, Ends With a Whimper A faculty member, Kim Green from the Management Department, was asked to chair a major university committee to plan the mission of the university for the next 20 years. Three other senior faculty and seven administrators from across the campus were also asked to serve on this committee. The president of the university, Dr. Sulgrave, gave the commit- tee its charge: What should Northcoast University be like in the year 2020? Dr. Sulgrave told the committee that the work of this task force was of utmost importance to the future of the university, and the charge of this committee should take precedence over all other matters. The task force was allowed to meet in the president’s conference room and use the president’s secretary. The report of the committee was due in 2 months. The task force members felt very good about being selected for such an important team. The team met on a weekly basis for about 2 hours each time. At first, the members were…
I also know answer is d, but please explain each and every option why other option are incorrect too. Which of the following statements regarding PERT analysis is true? Each activity has two estimates of its duration. Project variance is the sum of all activity variances. Project standard deviation is the sum of all critical activity standard deviations. Only critical activities contribute to the project variance. none of these is true.
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Additional Information: If TWW proceeds with the project as originally planned, there is a 40% chance that controversy about the financial "gratuity" will damage its reputation and lose $500 million in future business opportunities. If TWW spends $100 million to contract with an outside bank to oversee cash payments, the probability of this continuing controversy will decline to 20%. Choice b: Proceed with the project and contract with an outside bank. Use the following questions to explain your decision - Answer the question as the Government Representative, Mayor's Office 1. How may the supply and demand of local real estate be impacted by these decisions? 2. How may the market price of local real estate be impacted by these decisions? Question Instructions: Answer each question based on the decisions your group made. Address each question from a different perspective (from part 3) and explain the rationale behind your decisions for each question. Each…
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