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Activity A: Optimistic(a)- 2 days. Most likely(m)-3 days Pessimistic(b)-5 days Activity B: Optimistic- 3 days. Most likely- 4 days. Pessimistic- 6...
Activity A: Optimistic(a)- 2 days. Most likely(m)-3 days Pessimistic(b)-5 days
Activity B: Optimistic- 3 days. Most likely- 4 days. Pessimistic- 6 days
Activity C: Optimistic- 1 day. Most likely- 1 day. Pessimistic- 2 days
Activity D: Optimistic- 1 day. Most likely- 1 day. Pessimistic- 2 days
Activity E: Optimistic- 1 day. Most likely- 2 days. Pessimistic- 3 days
Activity F: Optimistic- 2 days. Most likely 3 days. Pessimistic- 4 days
Activity G: Optimistic- 1 day. Most likely 2 days. Pessimistic- 4 days
Activity H:Optimistic- 2 days. Most likely 3 days. Pessimistic- 5 days
Activity I: Optimistic- 1 day. Most likely- 1 day. Pessimistic- 2 days
A) With this data regarding optimistic, most likely, and pessimistic times for each activity, calculate the total expected time using the beta distribution weighting. What should William tell the President?
B) William wants to be as confident as he can about projecting the time it will take to complete the project. What is the probability that William's Operations Department will ship the product to the hotel chain within 14 days?
