1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
liraira [26]
2 years ago
13

Suppose that a task in a project has the following time estimates: to optimistic completion time 11 weeks tm most likely complet

ion time 14 weeks tp pessimistic completion time 23 weeks Compute the expected task variance. The task expected task variance is weeks. (Enter your response rounded to two decimal places.)
Business
1 answer:
vekshin12 years ago
8 0

Answer:

6 weeks

Explanation:

Optimistic Completion Time  -  11 weeks

Most likely completion time   -   14 weeks

Pessimistic completion time   -   23 weeks

Compute the expected task variance in weeks. Recall that Variance is a measure of dispersion - a measure that shows the distance or spread between or among values of a variable.

Expected Variance is the average of the variance values.

First,

the variance between optimistic CT and most likely CT is (14 - 11) = 3 weeks

Second,

the variance between pessimistic CT and most likely CT is (23 - 14) = 9 weeks

The expected variance is the average of these two values and that's (3 + 9)/2 = 12/2  = 6 weeks

<em>So the expected variance from the mean completion time of 14 weeks is 6 weeks before or 6 weeks after. This accommodates both the optimist and the pessimist. </em>

You might be interested in
Peace of mind provides​ house-sitting for people while they are away on vacation. Some of its customers pay immediately after th
Svet_ta [14]

Answer:

a. Cash basis - Service revenue is $900

b. Accrual basis - Service revenue is $2,100 (which is $1200 + $900)

Explanation:

In accounting, there are 2 basis for recognizing transactions; these are cash basis and accrual basis.

In cash basis, sales and expenses are not recorded unless cash has been collected and paid respectively. In the accrual basis of accounting, expenses and sales are recorded when incurred and earned respectively.

Revenue earned under the accrual basis would therefore include the revenue for which cash has been collected and those for which cash is yet to be collected.

4 0
3 years ago
During its first and second years of operations, Rogers Company, a corporation using a periodic inventory system, made undiscove
elena-s [515]

Answer:

Net Income understated by $20,000

Explanation:

In the first year, closing inventory was overstated by $80,000. The implications of the above would be,

Net Income for the first year would be overstated by $80,000

In the Second year,

Opening Stock would be overstated by $80,000

Due to this, cost of production stands overstated by $80,000.

Now, given in the question that closing stock for second year is overstated by $60,000 i.e profits are overstated by $60,000.

This means, the net effect on profits would be, $80,000 less $60,000 i.e $20,000 understated profits for the second year.  

4 0
3 years ago
Suppose there is a simultaneous increase in the demand for rice and increase in the supply of rice. Which of the following will
patriot [66]

Answer:

C) The market learing price may rise, fall, or stay the same, but the equilibrium quantity will rise. 

Explanation:

An increase in demand would lead to an increase in demand and price.

An increase in supply would lead to an increase in supply and a fall in price.

The combined effect would lead to an increase in equilibrium quantity but the effect on equilibrium price would be indeterminate.

I hope my answer helps you

6 0
3 years ago
Would the outcome have been different if the roles of board chairman and CEO in BP had been combined, as in many large American
hram777 [196]

\huge \text{Answer:}

In many companies, the chief executive officer (CEO), who holds the top management position in the company, also serves as chairman of the board. This is often the case with companies that have grown rapidly and still retain the initial founder in those roles.

8 0
3 years ago
Your company manufactures riding lawn mowers.One of your customers,Marie,writes a claim,demanding a compensation for her faulty
Alekssandra [29.7K]

Answer: D) As stated in our contract,we are liable to pay compensation only when our personnel repair the equipment

Explanation:

Based on the information given in the question, the best way to phrase the refusal of Marie's claim for adjustment is that "As stated in our contract, we are liable to pay compensation only when our personnel repair the equipment".

Since a service executive in the company discovers that the mower was dismantled by someone, then Marie's claim for adjustment can be refused since it wasn't dismantled by someone from the company.

4 0
3 years ago
Other questions:
  • 13. Roy, the owner of Standard Business Company (SBC), sells SBC to Tim for a note payable to Roy for $100,000. Tim does not pay
    12·1 answer
  • A company uses the periodic inventory method. If beginning inventory is understated by $10,000 because the prior’s year’s ending
    13·1 answer
  • The _____ is everything outside an organization's boundaries that might affect it.
    14·1 answer
  • Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own check
    5·1 answer
  • On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $13 per share. Baltimore obtaine
    13·1 answer
  • Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (
    15·1 answer
  • Write a short paragraph that explains the central idea of the article. Use at least two details from the article to support your
    6·1 answer
  • Does anyone know what are the ratios used to analyze the financial statements of banks?
    12·1 answer
  • Which are accurate descriptions of the meta message of a business communication?
    8·1 answer
  • A product with a low level of elasticity of demand has which feature?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!