What Is the Probability That This Project Will Take More

question 22

Essay

What is the probability that this project will take more than 10 weeks to complete if the activity means and standard deviations are as shown below? $$\begin{array} { l c c } \text { Activity } & \text { Mean } & \text { Std.Dev. } \\\hline 1 - 2 & 5 & 1 \\2 - 3 & 4 & 1 \\1 - 3 & 8 & 1\end{array}$$

Distinguish between mutually exclusive and collectively exhaustive events.

Compute probabilities applying appropriate probability rules.

Understand the concept of conditional probability and its calculation.

Grasp the concept of independent events and how they affect probability outcomes.

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Definitions:

Educational Attainment

The highest level of education an individual has completed, often used as an indicator of skill level, social status, and economic potential.

Years of School

Refers to the total number of years an individual has spent receiving formal education, typically from primary through secondary and possibly post-secondary education.

Completion

The act of finishing or bringing something to an end, often marked by achieving a goal or fulfilling a requirement.

Culturally Biased

Exhibiting or influenced by partiality or preference towards a particular culture, often leading to unfair treatment of others.