Using​ PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 ​months, and the project variance is 9.
​a) The probability that the project will be completed in 15 months​ =
(round your response to four decimal​ places).​

Answers

Answer 1

The probability that the project will be completed in 15 months is 0.0077. PERT is an abbreviation for Program Evaluation and Review Technique.

It is used for project management by predicting the project completion time and identifying critical activities that need to be addressed. It takes into consideration all of the project's activities and is used to forecast the project's completion time. It's a project management tool that helps to identify the critical path and the minimum completion time for the project.Adam Munson, using PERT, has calculated the expected completion time for the construction of a pleasure yacht to be 24 months, with a project variance of 9. The expected project completion time is the weighted average of all the probable times that the project could be completed. The variance is used to calculate the probability of the project being completed within a given time frame.We have to determine the probability that the project will be completed in 15 months. We can use the PERT formula to solve this problem. Let x be the time for project completion.The PERT formula for expected project completion time is:x = (a + 4m + b) / 6Where a is the optimistic completion time, b is the pessimistic completion time, and m is the most likely completion time.The PERT formula for project variance is:Var(x) = [(b - a) / 6]²Thus, we have given:x = 24 monthsVar(x) = 9 months²To find the probability that the project will be completed in 15 months, we must use the standardized normal distribution formula, which is:z = (x - μ) / σWhere μ is the mean and σ is the standard deviation.We can use the following formula to calculate the standard deviation:σ = √Var(x) = √9 = 3.

Therefore, the standardized normal distribution formula becomes:z = (15 - 24) / 3 = -3The probability that the project will be completed in 15 months can be found using a standard normal distribution table. The probability of z being less than -3 is 0.0013. Therefore, the probability of completing the project in 15 months is:0.0013 x 2 = 0.0026 (for both tails)Rounding the answer to four decimal places gives the probability of completing the project in 15 months as 0.0077.

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Related Questions

When using the highminuslow method, the variable cost per unit can be found as a) (Total fixed costs + Total variable costs) / Total units produced b) (Highest price - Lowest price) / (Highest quantity - Lowest quantity) c) Total variable costs / Total units produced d) Total costs / Total units produced

Answers

When using the high-low method to calculate the variable cost per unit, the correct formula to use is option b: (Highest price - Lowest price) / (Highest quantity - Lowest quantity).

This method helps determine the variable cost per unit by comparing the highest and lowest production levels, as well as their associated costs.

By calculating the difference in cost and dividing it by the difference in production quantity, you can identify the variable cost per unit. It is important to note that this method assumes that costs behave linearly within the relevant range of activity.

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Sinazo inherits R65 000 from her mother. She invests the money in a savings account. The interest rate is 12,5% p.a. compounded monthly for 18 months, and it is then increased to 14,2% p.a. compounded quarterly. At the end of 2 years he deposits R15 000. Calculate how much money she has in his savings account at the end of 5 years. A. R151 853,11 B. R104 853,11 C. R150 448,66
D. R143 841,82

Answers

The correct answer is C. R150 448,66. To calculate the amount of money Sinazo has in her savings account at the end of 5 years, we need to break down the problem into two parts:

1. Calculation for the first 18 months at an interest rate of 12.5% p.a. compounded monthly:

The future value of the initial investment of R65,000 over 18 months can be calculated using the formula:

FV = P(1 + r/n)^(nt)

where: FV = Future Value

P = Principal amount (initial investment)

r = Annual interest rate (as a decimal)

n = Number of times interest is compounded per year

t = Number of years

Using the given values, the calculation becomes:

FV1 = R65,000 * (1 + 0.125/12)^(12 * 1.5)

2. Calculation for the remaining 3.5 years at an interest rate of 14.2% p.a. compounded quarterly:

The future value of the new investment of R15,000 over 3.5 years can be calculated using the same formula:

FV2 = R15,000 * (1 + 0.142/4)^(4 * 3.5)

To find the total amount at the end of 5 years, we sum up the two calculations:

Total = FV1 + FV2

By performing these calculations, the correct answer is C. R150 448,66.

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How does technology play the role to modernize the society? (a short and sweet answer pelase)​

Answers

Answer:

technology help to develope the society faster

-PLEASE HELP!
Which of the following choices is an example of an installment loan?

a fixed rate home loan

a variable rate credit card

a mutual fund

a utility bill

Capital, such as a car or home, is often used to secure a loan.

True

False

Answers

I believe the answers are utility bill and true.
1. Utility bill
2. True

how has smartphones product changed the way business is conducted? What business innovations have occurred as a result of this product being offered?

Answers

Answer: that make business communications more polished than ever before. No longer limited to voice only, we can now send various media through text messages, and other platforms.                                                       What business innovations have occurred as a result of this product being offered and it and how it is achieved - include Outcome-Driven Innovation and "Jobs.

Explanation:  i know its right. I hope it helps.

You should not be descriptive when writing a business letter?

True
False

Answers

Answer:

False

Explanation:

In descriptive writing, the author uses details to express their ideas. They use words to evoke emotions and paint a picture of the message they are trying to convey.  

A business letter should be brief, concise, and clear. The author of a business letter should use as few words as possible to put their message across.  For this reason, descriptive writing is not good for business letters.

Answer:

false

Explanation:

Discuss the role of the father in attachment theory

Answers

Explanation:

Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.

In terms of the approaches to exchange rate forecasting, __________ draws on economic theory to construct sophisticated econometric models that are used to predict exchange rate movements.

Answers

The development of complex econometric models for forecasting exchange rate movements is based on fundamental analysis, which also draws on economic theory. These models frequently incorporate inflation, interest rates, and relative rates of increase of the money supply among their variables.

A technique for figuring out a stock's true or "fair market" value is fundamental analysis. Fundamental analysts look for stocks that are now trading for more or less than what they are really worth. A buy recommendation is made for the stock if the fair market value is higher than the current market price, which indicates that it is undervalued.

In accounting and finance, fundamental analysis refers to the examination of a company's financial statements, state of affairs, rivals, and markets. Additionally, it takes into account the economy's overall health as well as variables like interest rates, output, earnings, employment, GDP, housing, manufacturing, and management.

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1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels

Answers

Answer:monopoly

Explanation:

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Composed of several major parts of the fingernail including the nail plate, 10 points
nail bed, matrix, cuticle, eponychium, hyponychium, specialized
ligaments, and nail fold. Together all of these parts form the
Nail unit
Nail bed
Nail plate
lunula

Answers

Answer:

Nail Unit

Explanation:

Suppose Nationwide increases the insurance premium they charge for their auto policies by 12 percent. In​ response, the demand for State Farm auto policies in a small town increases from 3 comma 000 to 3 comma 300. What is the​ cross-price elasticity of demand for State Farm auto policies in this​ town? Using the midpoint​ formula, the​ cross-price elasticity of demand for State Farm auto policies is nothing. ​(Enter your response rounded to three decimal​ places.)

Answers

Answer:

0.794

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity of demand = percentage change in quantity demanded of good A / percentage change in price of good B

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 3300 - 3000 = 300

average of both demands = (3300 + 3000 ) / 2 = 3150

300/3150 = 0.095238 = 9.5238%

Cross price elasticity = 9.5238% / 12% = 0.794

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

An appraisal report must contain sufficient information to allow ________ to understand the scope of work. other appraisers state enforcement agencies anyone intended users

Answers

An appraisal report must contain sufficient information to allow intended users to understand the scope of work.

The purpose of an appraisal report is to provide a clear and comprehensive understanding of the appraisal process and the conclusions reached. Therefore, it is crucial that the report contains all the necessary information for intended users, such as other appraisers, state enforcement agencies, or any individuals or entities relying on the appraisal, to fully comprehend the scope of work involved.

The scope of work refers to the extent and details of the appraisal process, including the data collected, methods used, analyses conducted, and the reasoning behind the final conclusions and opinions. By providing sufficient information about the scope of work, the appraisal report allows other appraisers to review and understand the methodology and approaches used. State enforcement agencies can evaluate the adherence to regulatory requirements and ensure the accuracy and credibility of the appraisal. Furthermore, intended users, such as lenders, investors, or legal professionals, can assess the reliability and suitability of the appraisal for their specific needs.

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The government can make money by borrowing from its population in the form of governmental bonds.

A. True
B. False

Answers

False I think I’m not sure tho

Answer:

False

Explanation:

Mila invested $1,800 in a one-year CD earning 3.1% annual interest. How much interest will Mila earn?

Answers

Answer:

the interest mila earned for one year is $55.80.

I apologize if this is wrong I'm not super good with business

Pls help me with this question!

Pls help me with this question!

Answers

The type of bank that contributes to the national economy by managing accounts and credit lines for both individuals and businesses is a commercial bank. So, the correct choice is option C.

Commercial banks are financial institutions that play a vital role in the economy by providing a wide range of banking services to individuals, businesses, and governments. They accept deposits from customers and offer various types of accounts, including checking accounts, savings accounts, and certificates of deposit. Commercial banks also provide loans and credit lines to individuals and businesses to support their financial needs.

By managing accounts, commercial banks facilitate the safekeeping of funds for individuals and businesses, allowing them to make transactions, earn interest on their deposits, and access their funds conveniently through various banking channels.

Furthermore, commercial banks contribute to the national economy by extending credit lines to individuals and businesses. These credit lines can be used for various purposes, such as financing investments, expanding businesses, purchasing assets, or managing cash flow. By providing credit, commercial banks support economic growth, entrepreneurship, and job creation.

In summary, commercial banks are the type of bank that actively contributes to the national economy by managing accounts and credit lines for both individuals and businesses, playing a crucial role in promoting financial stability and facilitating economic activities.

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Firm A had a mission to become the leading producer of environmentally friendly clothes. Its strategy involved leveraging a network of organic cotton farmers and suppliers of environmentally responsible synthetic materials to create a product that is durable, attractive, affordable, and 100% recyclable. However, because it did not upgrade its outdated production facilities, Firm A could not assemble its products at a low-enough cost to offer clothes at a price that was attractive to customers. What is the most likely cause for Firm A's strategy failure

Answers

Firm A's strategy failed because of the outdated production facilities which they didn't upgrade. Their strategy involved leveraging a network of organic cotton farmers and suppliers of environmentally responsible synthetic materials to create a product that is durable, attractive, affordable, and 100% recyclable.

But since they didn't upgrade their outdated production facilities, Firm A couldn't assemble their products at a low enough cost to offer clothes at an affordable price to customers. This made their prices unattractive to customers because the costs were too high.

Since the cost of production of the clothes was too high, the selling price also had to be high, which didn't match their strategy of affordable clothes.Another reason could be the use of synthetic materials. They had a strategy of producing environmentally friendly clothes but still used synthetic materials in their products.

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QUESTION 1 of 10: According to the reading, this is the first step in market research:
a) Gathering information
b) Define the question
O c) Take action
O d) Evaluate results

Answers

Answer:

b) Define the question

Explanation:

The following are the steps of the market research:

1. Problem identification: It involves the problem for solving, obejectives of the problem, and the questions related to research

2. Creation of the research plan: It includes The information i.e. required, methods of research, the parties that are responsible

3. Research conducting: It includes The review of the secondary data, the collection of the primary data, and the methods and techniques applied

4. Analyze and report the findings: It includes Analyzing the data, results interpretation, and report & suggestions

5. Actions taken: It includes the Planning, evaluation, and execution

Therefore the option B is correct

A style of leadership where leaders consult with followers who are allowed to participate in decision making is __________.
A) chaotic
B) laissez-faire
C) participatory
D) democratic

Answers

Explanation:

Participative leadership is a democratic leadership style that consists of involving others into decision making. ... Participative leaders are those who consult their team members before taking any decision, or take the decision first and consult their team members second to see if it is acceptable to them.

Answer:

Explanation:c

You own a store in Simpsons Square Mall. Items in the compactor should weigh no more than
10 pounds
20 pounds
40 pounds
50 pounds
60 pounds

Answers

Explanation: From a similar question like this, I believe the answer is 40

Trade discount is given to encourage buyers make purchases in ____ quantities.

Answers

Answer:

Bulk

Explanation:

Trade discount is the reduction in the retail price of products that arises from bulk sales or purchases.

PLS help!!!!! Will Give BRAINLIEST!! thanks :):)

In a biometrics research lab, Grant is listed as the laboratory director, while Tamara is listed as a laboratory technician. Both careers fall into the STEM field. Take a moment to research these two positions and explain the difference between them

Answers

Answer:

The Tamara Foundation has partnered with Stronger Philanthropy to manage the grant application process. Stronger Philanthropy will interview charities to determine their funding priorities, present Charity Profiles to the Tamara Foundation that are aligned with our mission and mandate for shortlisting, contact charities being invited to submit an application for consideration, and manage new grant applications and follow-up reports.

Explanation:

hope it helps

answerd by Hami Radcliffe

On April 1, 1986, Casey deposited $1150 into a savings account paying 9.6%
interest, compounded quarterly. If he hasn't made any additional deposits or
withdrawals since then, and if the interest rate has stayed the same, in what
year did his balance hit $2300, according to the rule of 72?

Answers

Answer:4900

Explanation: it makes sence duh.

All of the following are tips experts recommend to job seekers using LinkedIn EXCEPT:
A. grow your network to connect with new people.
B. brand yourself as an expert in your career field.
C. don't be too presumptuous by showing how you can help a prospective employer.
D. make sure your profile is complete.
E. make sure your profile is current, even listing your present employer.

Answers

The correct answer is option c. All of the following are tips experts recommend to job seekers using LinkedIn EXCEPT: don't be too presumptuous by showing how you can help a prospective employer.

This can come across as pushy or overeager and may actually harm your chances of landing a job. Instead, it's important to focus on building relationships, showcasing your skills and experiences, and highlighting your qualifications in a professional and appropriate manner.

LinkedIn is a powerful tool for job seekers, offering a wealth of opportunities to connect with potential employers, showcase your skills and experiences, and build your professional network. However, it's important to use LinkedIn effectively in order to maximize its benefits.

Experts recommend several tips for job seekers using LinkedIn, including growing your network to connect with new people, branding yourself as an expert in your career field, and making sure your profile is complete and current, even listing your present employer.

Another important aspect of using LinkedIn is to regularly update your profile, including listing your current employer and highlighting any new skills, experiences, or qualifications. This will help keep your profile current and relevant, and increase your visibility to potential employers.

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Complete the following sentence. Remember to spell correctly.
When supply exceeds demand, a market
occurs

Answers

Answer:

bear

Explanation:

Answer:

bear

Explanation:

hope this helps ;)

The federal government has asked how your company plans to reduce pollution in your metropolitan area. You decide to organize a team​ (members from different​ departments) to handle the​ government's request. To increase a sense of​ empowerment, what should you​ do?

Answers

The question is incomplete:

The federal government has asked how your company plans to reduce pollution in your metropolitan area. You decide to organize a team​ (members from different​ departments) to handle the​ government's request. To increase a sense of​ empowerment, what should you​ do?

A) Have them generate ideas for you to decide

B) Treat them as a suggestion team and have them teach each other their job

C) Allow them to make the decision but tell them that you will handle how the decision will be implemented

D) Allow them to make the decision and implement the solution as well

Answer:

D) Allow them to make the decision and implement the solution as well

Explanation:

Empowerment means to provide employees certin autonomy and giving them the resources to handle their projects. According to this, the answer is that to increase a sense of​ empowerment, you should allow them to make the decision and implement the solution as well as you will be allowing the employees to have the responsability to handle a task completely.

The other options are not right because when the supervisor maintains certain power to make decisions, employees don't increase the sense of empowerment as they are not able to handle the request by themselves.

The Federal Securities Act and the Securities Exchange Commission aimed to a prohibit completely the sale of stocks on margin (i.e. with borrowed funds). b prevent interlocking directorates and business pyramiding schemes. c provide full disclosure of information and prevent insider trading and other fraudulent practices. d stop the practice of establishing interlocking directorates on America's corporate boards that produced controversial conflicts-of-interest in the governance of American businesses. e force stockbrokers to register with the federal government.

Answers

Answer:

c. provide full disclosure of information and prevent insider trading and other fraudulent practices.

Explanation:

The Security Act of 1933 was a step initiated towards the regulation of the stock market. The power was shifted from the hands of State legislation and granted to the federal government to regulate the stock market. It was also designed in a way that it provided the set of rules that helped in preventing any act of fraudulent. President Franklin D. Roosevelt signed and passed the act.

b) José Luis trabajo 7 meses del año. ¿Qué porcentaje del año trabajo?

c) Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas. ¿Qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto?

d) El costo de una camisa es $400 y tiene un descuento del 20%. ¿Cuál es el precio de la camisa con el descuento?​

Answers

Answer:

B) 58.3%.

C) 87.5% y 12.5%.

D) $320.

Explanation:

B) Dado que José Luis trabajó 7 meses del año, para determinar qué porcentaje del año trabajó se debe realizar el siguiente cálculo:

12 = 100

7 = X

7 x 100 / 12 = X

700 / 12 = X

58.3 = X

Por lo tanto, José Luis trabajó 58.3% del año.

C) Dado que Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas, para qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto se debe realizar el siguiente cálculo:

40 = 100

35 = X

35 x 100 / 40 = X

3500 / 40 = X

87.50 = X

Por lo tanto, Lucero contesto un 87.5% de preguntas correctamente, y un 12.5% incorrectamente.

D) Dado que el costo de una camisa es $400 y tiene un descuento del 20%, para determinar cuál es el precio de la camisa con el descuento se debe realizar el siguiente cálculo:

1 - 0.2 = ​0.8

400 x 0.8 = 320

Por lo tanto, el costo de la camisa fue $320.


_______are made of pooled money of shareholders in a company invested
by a fund manager
Mutual Funds
Savings Bonds
Certificates of Deposit

Answers

certificates of deposit

This would be a mutual fund

NEED HELP ASAP, WILL GIVE BRAINLIEST

Variable Costs are also known as

A. Cost of Goods Sold
B. Liabilities
C. Assets
D. Equity

Answers

I’m pretty sure that it is A. Cost of Goods Sold!
Another name for variable cost is Cost of goods sold
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