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Define simulation and monte carlo simulation

Assignment Help Basic Statistics
Reference no: EM13720862

Q1. Find the critical path and calculate the slack time for the following network

1859_Define Simulation and Monte Carlo Simulation.png

 Q 2.  A project has the following characteristics

Activity

Most optimistic time

(a)

Most pessimistic time (b)

Most likely time

(m)

(1 - 2)

(2 - 3)

(2 - 4)

(3 - 5)

(4 - 5)

(4 - 6)

(5 - 7)

(6 - 7)

(7 - 8)

(7 - 9)

(8 - 10)

(9 - 10)

1

1

1

3

2

3

4

6

2

5

1

3

5

3

5

5

4

7

6

8

6

8

3

7

1.5

2

3

4

3

5

5

7

4

6

2

5

Construct a PERT network. Find the critical path and variance for each event.

Q3. Define Simulation and Monte Carlo Simulation. Write its steps also.

Reference no: EM13720862

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