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Refer to the KP&L sample points and sample point probabilities in Tables 4.2 and 4.3. a. The design stage (stage 1) will run over budget if it takes 4 months to complete. List the sample points in the event the design stage is over budget. b. What is the probability that the design stage is over budget? c. The construction stage (stage 2) will run over budget if it takes 8 months to complete. List the sample points in the event the construction stage is over budget. d. What is the probability that the construction stage is over budget? e. What is the probability that both stages are over budget?

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STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884
BuyFind

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884

Solutions

Chapter
Section
Chapter 4.2, Problem 17E
Textbook Problem

Refer to the KP&L sample points and sample point probabilities in Tables 4.2 and 4.3.

  1. a. The design stage (stage 1) will run over budget if it takes 4 months to complete. List the sample points in the event the design stage is over budget.
  2. b. What is the probability that the design stage is over budget?
  3. c. The construction stage (stage 2) will run over budget if it takes 8 months to complete. List the sample points in the event the construction stage is over budget.
  4. d. What is the probability that the construction stage is over budget?
  5. e. What is the probability that both stages are over budget?

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Chapter 4 Solutions

STATISTICS F/BUSINESS+ECONOMICS-TEXT
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