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QUESTION
You and your father have taken on the project of remodeling your basement to turn it into a "mother-in-law" apartment for your relatives.
- You and your father have taken on the project of remodeling your basement to turn it into a "mother-in-law" apartment for your relatives. You have calculated that you expect to complete the project in 68 days. Because your deliveries from suppliers are uncertain, you have had to assume a project variance of 16 days. What is the due date that yields a 99% probability of completion?
Between 70 to 75 days
More than 80 days
Between 75 to 80 days
Less than 70 days
- You and your father have taken on the project of remodeling your basement to turn it into a "mother-in-law" apartment for your relatives. You have calculated that you expect to complete the project in 68 days. Because your deliveries from suppliers are uncertain, you have had to assume a project variance of 16 days. What is the probability that the project completed in 70 days?
The probability is between 0.5 to 0.75.
The probability is more than 0.75.
The probability is less than 0.25.
The probability is between 0.25 5o 0.5.
