A project being analyzed by PERT has 60 activities, 13 of which are on the critical path. If the estimated time along the criti
cal path is 214 days with a project variance of 100, what is the probability that the project will take 224 days or more to complete?
1 answer:
Answer:
Step-by-step explanation:
What is given:
Formula to be used Z = (X - mean) / standard deviation
Mean = 214
X = 224
Variance = 100
Formula of Standard deviation = sqrt(variance) = sqrt(100) = 10
So Z = (224 - 214) / 10 = 10/10 = 1
For z = 1, the probability is 0.3413; 34.13% ⇒ The probability of project being completed by 224 days is 34.13%
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