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Softa [21]
3 years ago
15

Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht

is 15 months, and the project variance is 4, the probability that the project will be completed in 16 months is _ (Round to one decimal place)
Business
2 answers:
marta [7]3 years ago
4 0

Answer:

approximately 0.7

Explanation:

Pert Analysis is used to compute/sum up the various variances of a project along its critical path

using PERT

The mean value of project ( estimated project time ) = 15

project variance б = 4

standard deviation = \sqrt{} б = 2

probability that project will be completed on or before 16 months  

= P ( X ≤ 16 )

this means  Z ≤ \frac{X - 15}{2} where X = 16

= Z ≤ 1

using the the normal distribution appendix for the Z value the probability of completing the project in 16 months would approximately be 0.7

bezimeni [28]3 years ago
3 0

Answer:

The probability that the project will finish in 16 months is 0.7.

Explanation:

From the data the mean time is given as  \mu=15

The variance is given as \sigma^2=4\\

So the standard deviation is \sigma=2\\

Now the X is given as 16 so

Calculating the z score as

z=\dfrac{x-\mu}{\sigma}\\z=\dfrac{16-15}{2}\\z=\dfrac{1}{2}=0.5

So for the z score of 0.5 the probability is given in Excel as

=NORMSDIST(0.5)

=0.69 ≈0.7

So the probability that the project will finish in 16 months is 0.7.

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The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected
Lelu [443]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The dinner-dance committee has assembled the following expected costs for the event:

Dinner (per person) $ 18

Favors and program (per person) $ 2

Band $ 2,800

Rental of ballroom $ 900

Professional entertainment during intermission $ 1,000

Tickets and advertising $ 1,300

The committee members would like to charge $35 per person.

1) Break-even point= fixed costs/ contribution margin

Break-evenn point= (Band+rental+professional entertainment+tickets)/[price - (dinner+favors)]

Break-even point= 6000/(35-20)= 400 individuals

2) Q= 300    P=?

300=6000/(P-20)

300*(P-20)= 6000

300P=12000

P=$40

7 0
3 years ago
( Help please suck on this question !! )
nalin [4]

Answer:A

Explanation:

Because as long as a bank does have customers over the next few years then they have to tackle customers engagement.

4 0
3 years ago
According to the law of supply, assuming other factors are held constant a. as the price of milk increases, the quantity of milk
My name is Ann [436]

Answer:

C. as the supply for milk increases, the price of milk will also increase

8 0
3 years ago
Sage Hill Company is negotiating to lease a piece of equipment to MTBA, Inc. MTBA requests that the lease be for 9 years. The eq
Annette [7]

Answer:

$14,621.99

Explanation:

Calculation to determine what would be the amount of the annual rental payments Sage Hill demands of MTBA,

Let X be the annual lease payments

Annuity factor of 8% for 9 years = 6.74664

Discounting factor of 8% at beginning of 9 years = 0.54027

Annual Rental Payments=$100,000 = (X * 6.74664) + ($2,500 * 0.54027)

Annual Rental Payments=$100,000 = (X * 6.74664) + $1350.675

Annual Rental Payments=(X * 6.74664) = $100,000 - 1,350.675

Annual Rental Payments=X = 98,649.325 / 6.74664

Annual Rental Payments=X = $14,621.99

Annual Rental Payments=X = $14,621.99

Therefore, what would be the amount of the annual rental payments Sage Hill demands of MTBA , is $14,621.99

7 0
3 years ago
George is in charge of ordering supplies for his employer, and he usually buys these supplies from the same vendors. One of the
laila [671]

Answer:

extranet

Explanation:

According to my research on information technology and business sytems, I can say that based on the information provided within the question George is using a system known as an extranet. Like mentioned in the question this is a private system implemented by a certain company in which they can allow temporary access to those who they conduct business with in order provide them with all the information they need.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
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