Given the Network Diagram Above,determine Each of the Following

question 87

Essay

Given the network diagram above,determine each of the following:
(i)the activities which are on the critical path
(ii)the expected project duration
(iii)the probability that the project will be completed in 29 weeks or less
(Note:
the numbers on each node refers to the expected duration and standard deviation in weeks for that activity.
E.G., 8,2 indicates an expected duration of eight and a standard deviation of two weeks.)

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Definitions:

Index Funds

Index funds are a type of mutual fund or ETF with a portfolio constructed to match or track the components of a financial market index, such as the S&P 500.

PHStat

A software add-in for Microsoft Excel that enhances the statistical functions of Excel, commonly used for statistical analysis and education.

Coefficient Of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, expressed as a ratio of the standard deviation to the mean.

Index Funds

A type of mutual fund or exchange-traded fund designed to follow or track the components of a market index, such as the S&P 500.