A network consists of the following list.Times are given in weeks.
a.Draw the network diagram.
b.Calculate the expected duration and variance of each activity.
c.Calculate the expected duration and variance of the critical path.
d.Calculate the probability that the project will be completed in less than 28 weeks.
Definitions:
Owner's Capital
The total equity claimed by the owner of a sole proprietorship or partnership, reflecting the residual assets of the business after liabilities.
Income Summary
An account in which the revenues and expenses are transferred at the end of an accounting period to determine the net income or loss.
Owner's Capital
The amount of money and other assets invested in a business by its owner or owners.
Owner's Drawings
The withdrawal of business assets by the owner for personal use.
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