1 / 14

Answers to Practice Exam #3 - PowerPoint PPT Presentation

Answers to Practice Exam #3. Exam May 7 4:00-5:45PM since BE101 has 6:00PM class C-4 due May 9 Set 9 due May 9. 1.PERT. ANSWER T0 (a)=MAX EF=24. ANSWER(b):A-C-E-F. 1C:.

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
• Exam May 7 4:00-5:45PM since BE101 has 6:00PM class
• C-4 due May 9
• Set 9 due May 9
1C:
• CRITICAL PATH VARIANCE= SUM OF VARIANCES ON CP= VARIANCES OF A,C,E,F = 4+.6+.5+.1=5.2 =5.2
• STANDARD DEVIATION = SQUARE ROOT OF 5.2 = 2.28
NORMAL TABLE
• Z=(27-24)/2.28 = 1.32
• ROW 1.3
• COL 0.02 = .02
• CUMULATIVE PROB = .5 + .4066 = .9066 FROM TAYLOR, P 738
3. BAYES RULE
• P(PROFIT)=.52
• P(S|PROFIT)=.85
• P(S|NOT PROFIT) = .25
• S= SUCCESSFUL
• P(UNPROFITABLE)=1-P(PROFIT)= 1-.52=.48
P(PROFIT|S)
• .85*.52 = .79 .85*.52+ .25*.48