A Partially Solved PERT Problem Is Detailed in the Table

question 37

Essay

A partially solved PERT problem is detailed in the table below.Times are given in weeks.
a.Calculate the expected time for each activity.Enter these values in the appropriate column in the table above.
b.Which activities form the critical path?
c.What is the estimated time of the critical path?
d.What are the project variance and the project standard deviation?
e.What is the probability of completion of the project after week 40?

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Definitions:

Pools

Agreements between companies to maintain prices at a certain level by controlling supply, a form of collusion often illegal in the U.S.

Market Forces

The economic factors affecting the price, demand, and supply of goods and services in a free market.

Railroads

Transportation networks consisting of tracks, trains, and stations used for the movement of goods and passengers, significantly contributing to economic development and expansion.

Second Industrial Revolution

A phase of rapid industrialization in the final third of the 19th century and the beginning of the 20th century, marked by significant advances in technology and production methods, including the spread of the steel industry and mass production.