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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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Studentka2010 [4]

Answer:

It is the sole responsibility of supervisors.

Explanation:

Strategic planning includes setting objectives or goals and allocating resocurces to achieve set goals. The goals could be long or short term.

Strategic planning can span for years.

The strategic goals would vary from company to company because the aims and objectives of companies differ.

I hope my answer helps you.

8 0
3 years ago
The level of inventory of a manufactured product has increased by 8,000 units during a period. The following data are also avail
LiRa [457]

Answer:

There will be a difference in the income .

Absorption costing income will be lower as it transfers all the fixed costs to the ending inventory.

Variable costing income will be higher as it does not transfer  the fixed costs to the ending inventory.

The difference will be  of $ 104000

Explanation:

Increase in units 8000                                                              

                                                              Variable       Fixed

Unit manufacturing costs of the period $24.00 $10.00

Unit operating expenses of the period    8.00       3.00

Total Unit Costs                                       $ 32.00    $ 13.00

The net operating income under variable costing for the year will be $ 13* 8000= $ 104000 Lower than the net operating income under  absorption costing.  This is because the all fixed costs will be treated as period cost rather than product costs.

In variable costing the ending inventory will be $104000 lower than the ending inventory under absorption costing  because the fixed costs will not be allocated to products.

Under variable costing, the units in the ending inventory will be costed at $32 each.Under absorption costing, the units in the ending inventory will be costed at $32+ $ 13= $ 45 each.

7 0
3 years ago
What is the biggest attraction for business considering enganing in international business?
kvasek [131]
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3 0
3 years ago
Cannon Co. has a unit selling price of $500, variable cost per unit $300, and fixed costs of $240,000. Compute the break-even po
Furkat [3]

Answer:

Break-even point= 1,200 units

Break-even point (dollars)= $600,000

Explanation:

Giving the following information:

Cannon Co. has a unit selling price of $500, variable cost per unit $300, and fixed costs of $240,000.

To calculate the break-even point in units, we need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 240,000/ (500 - 300)

Break-even point= 1,200 units

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)=  240,000/ (200/500)

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8 0
3 years ago
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elixir [45]

Answer:

B. Market or customer organization

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7 0
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