Answer:
(a)
The average length of the project is 33.9 weeks
The standard deviation of the project length is 2.8 weeks
(b)
The estimated probability that the project will be completed in 35 weeks or less is 0.65
Step-by-step explanation:
(a)
The average length of the project is;
E(P) = E(A+B+C+D)
= 6.3 + 5.1 + 13.7 + 8.8
= 33.9
The standard deviation of the project length;
SD(P) = √V(P)
= √V(A+B+C+D)
= √1.01 + 1.79 + 4.11 + 0.96
= √7.87
= 2.8
(b)
Normal distribution with mean 33.9 weeks and variance of 2.8² weeks.
The estimated probability that the project will be completed in 35 weeks or less is;
[tex]P(P \leq 35) = P( \frac{P-E(P)}{SD(P)} \leq \frac{35-33.9}{2.8} )[/tex]
[tex]P(P \leq 35) = P(z\leq0.3929)[/tex]
= 0.65 → Using Excel command (NORM.S.DIST(0.3929,TRUE))