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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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kipiarov [429]

Answer:

oligopoly

Explanation:

An oligopoly is a market structure comprising a few firms dominating a large market with many buyers. The few firms sell similar or differentiated products. Each of the firms commands a sizable market share and can influence the market.  Apart from the few dominating firms, there could be other small sellers with a smaller market share operating in the market. Another example of an oligopoly market is the air travel business, where a few airline companies dominate the market.

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A _____ is an instrument issued by a bank, post office, or express company indicating that the payee may request and receive the
Firdavs [7]
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4 years ago
What is protectionism and why would a country base trade policy on it? Explain at least two reasons.
Anton [14]
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3 0
3 years ago
Afirm has production function q=10"(L^0.5)*(K^0.5), where "L"0.5" means "L raised to the 0.5 power," and the same applies to the
Amanda [17]

Answer:

(A) 15 × p

(B) 225\times p{^2}

(C)  P\times 5\times k^{0.5}

Explanation:

(B) direct= demand function of labor will be,

Q: f(w),

where Q is labor demand quantity and is function of wage

K=9 constant, then production function changes to,

=30L^{0.5}

Marginal product of labor:

= 15L^{-0.5}

Marginal revenue product or value of marginal product:

=15p\times L^{- 0.5}

This is showing what revenue a firm will generate due to hiring one additional unit of labor.

So firm will keep hiring until the revenue the additional labor is generating is equal to its hiring cost or wage.

So, putting MRP or VMP to wage:

P\times15\times L^{-0.5}=W

By solving,

\frac{(225\times p^{2})}{W^{2}}=L

And the multiplicative term is 225\times p{^2}

(A) Inverse demand function of labor will be,

W: f(Q)  

where W is wage rate and demand function of labor demanded quantity.

As previously solved,

P\times15 \times L^{0.5}=W

and the multiplicative constant term is 15 × p.

(c) In long run capital will also variate, so production function will be,

=10L^{0.5}\times k{^0.5}

MP=\frac{(5\times k^{0.5})}{L^{0.5}}

VMP=\frac{P(5\times k^{0.5})}{L^{0.5}}

( p is market price of good that firm is producing using labor)

putting it equal to Wage)

W=\frac{(5\times k^{0.5})}{L^{0.5}}

and the constant term is  P\times 5\times k^{0.5}.

Note:

I did a) second place and b) on first . I already put the serial alphabet on the start of the answer.

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