Answer: 0.8186
Explanation:
Given that;
activity To Tm Tp Te (V)^0.5 v
A 38 50 62 50 4 16
B 90 99 108 99 3 9
C 70 80 90 80 3.333333 11.11111
D 19 25 31 25 2 4
E 91 100 115 101 4 16
F 62 65 68 65 1 1
Expected duration Te = (4 × Tm + To + Tp ) / 6
Variance = ( Tp-To/6]²
variance of the critical path = 9+16 =25
SD of the critical path = ( var)^0.5 = 5
probability that the project will be completed within 210 days is given by
z = (210-200) / 5 = 2
which gives probability of 0.97725
Probability that the project will be completed within 195 days
z = (195-200) / 5 = -1
which corresponds to probability of 0.1586
Now required probability that project completes within 210 but before 195 days is given by
0.97725 - 0.1586 = 0.8186
Answer:
the cost of goods manufactured is $183,000
Explanation:
The computation of the cost of goods manufactured is shown below:
Cost of goods manufactured = Labor cost + direct material purchased + overhead cost - ending balance of material - ending balance of work in process
= $66,000 + $22,000 + $98,000 - $1,000 - $2,000
= $183,000
Hence, the cost of goods manufactured is $183,000
Management assesses the company's numerous products and lines of business in a portfolio analysis before allocating resources in accordance with the best chances for organizational growth.
How does portfolio analysis work?
Portfolio analysis is a mathematical strategy for choosing the best possible portfolio that can balance maximizing return and lowering risk in a variety of unpredictable circumstances.
What does portfolio analysis seek to accomplish?
Portfolio analysis is one of the components of investment management that enables market participants to examine and evaluate the performance of a portfolio (equities, bonds, alternative investments, etc.) with the goal of determining performance on a relative and absolute basis as well as the risks attached to it.
To know more about portfolio analysis
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Answer:
A. new product producers driving incumbent producers out of business.
Explanation:
Under Schumpeter's view, the concept of creative destruction, which he introduced in his work: capitalism, socialism and democracy, refers to the process of economic innovation, in which some products are replaced by others, or some firms die because they are driven out of the market by others, and so on.
Schumpeter's view of creative destruction was positive, and he thought that it was an essential part of a market, capitalist system, because this system gives economic agents the incentive to innovate.
An classical example of creative destruction ocurred when Steve Jobs introduced the Iphone in 2007. His new product was so much more innovative and preferred, that it literally "destroyed" the market for blackberry and Nokia phones.
