### Activity estimated time standard deviation

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##### Reference no: EM13967310

The project described in the following table has just begun. It is scheduled to be completed in 11 weeks. Use Table B1 and Table B2. Activity Estimated Time (weeks) Standard Deviation (wks.) 1-2 4 0.70 2-4 6 0.90 1-3 3 0.62 3-4 9 1.90 a. If you were the manager of this project, would you be concerned? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) because the probability of finishing on schedule is only about . b. If there is a penalty of \$5,000 a week for each week the project is late, what is the probability of incurring a penalty of at least \$5,000? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) Probability

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