A7-1 (Algo) Given the project information... Given the project information below

Question

A7-1 (Algo) Given the project information... Given the project information below, what is the probability of completing the National Holiday Toy project in 94 time units? Hint: Use the -NORM.S.DIST(z. TRUE) function in Excel to compute the probability. (Corry ot least 3 decimal places in all intermediate calculations and the Z value. Enter your final probability answer to 3 decimal places.) 1 Time (t 13 28.33 Design package None 12 2.78 2 Design product 4 Secure potent 6 Build package 21 38 6.83 16.67 Build product 3,4,5 e.69 Paint Test Rrey1 of 10 Next > to search

Explanation / Answer

Mean = 13+20.33+...6.83+16.67 = 123.83

P(X<94)

= P(z<(94-123.83)/8.67

= P(Z<-3.44)

= 0.0003

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