What is the standard deviation of the same task

Assignment Help Operation Management
Reference no: EM131037479

Please answer each of the following:

a. What is the expected time to complete a task with an optimistic, most likely, and pessimistic times of 3, 4 and 7 days respectively?

b. What is the standard deviation of the same task, assuming the estimates were made at the 99% plus level?

c. What is the standard deviation of the same task, assuming the estimates were made at the 90% level?

Reference no: EM131037479

Questions Cloud

Laboratory periodically conducts a review : A laboratory periodically conducts a review of its test results to verify their accuracy. Each day 100 tests are selected randomly and then re-tested using a more sophisticated but expensive procedure, and the results are documented.
Matrix requires continual trade-offs on time-costs : Below are three statements that are often used to describe the environment of a matrix. Do you agree or disagree? Decision-making in a matrix requires continual trade-offs on time, costs, technical risk, and uncertainty.
What is the standard deviation of the same task : What is the expected time to complete a task with an optimistic, most likely, and pessimistic times of 3, 4 and 7 days respectively? What is the standard deviation of the same task, assuming the estimates were made at the 99% plus level? What is the ..
Outdoor clothing and accessories chain : Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $22 each from its Asian supplier. Unfortunately, at the time of order placement, demand is still uncertain. Teddy Bower forecasts that its demand is normally ..
Dues check-off for an employee : Dues check-off for an employee is: a. automatically required once the union has been certified b. a common throwaway item on the union’s agenda c. illegal in Right-to-Work states d. authorized by each union member in writing
Explain how the economic environment impacts : Explain how the economic environment impacts agricultural companies and its customers. Explain how the socio-cultural environment impacts agricultural companies and its customers. Explain how the technological environment impacts agricultural compani..
What are the communication ethics of labeling a product : What are the communication ethics of labeling a product as made in a country (typically for marketing reasons) when it is only minimally true? Do you think that companies should have to disclose all of the locations where their products are made?

Reviews

Write a Review

Operation Management Questions & Answers

  Decision theory

The number of sandwiches sold at a shop near a University varies by day of the week.   The number of students attending class also varies by day of the week, as the following table indicates. The University will soon include a full Saturday schedule,..

  Factory floor on-line benefit an organization

After you have read the article answer the question below. When it comes to inventory control how will putting its factory floor on-line benefit an organization?

  Training increases revenue

Training increases revenue. The revenue could come from increased quality of the customer experience due to the impact of training. The numbers are percentages of customers in each satisfaction category six months before and six months after employee..

  What happens to production efficiency as the customer exerts

What happens to production efficiency as the customer exerts more influence on the system. What is a company trying to optimize in the most common approach to developing a workcenter layout

  What advice would you give the management of chb

If CHB purchases this bank, the requisite PPB will be established in county 5, and a base for beginning expansion in the region will also be established. What advice would you give the management of CHB?

  Evaluate these quality and environmental costs and identify

Evaluate these quality and environmental costs and identify whether they are prevention costs, appraisal (detection) costs, internal failure costs, or external failure costs.

  Experience communication issues

Widgets R US experience communication issues which prevented decisions from being made. It is clear that Widgets R US is a functional organization because it indicated that lots of information gets kicked upstairs and no one seems to know what is hap..

  Describe the basic elements of the project life cycle

Describe the basic elements of the project life cycle. Why is an understanding of the project life cycle relevant for understanding project management?

  Differentiate between the concept of stress and the concept

i explain the role of goals and goal setting in organizations.ii identify the reward systems that organizations use to

  Explain fully redesign also have an effect on quality

One of the process engineers has suggested which a redesign will help cut changeover time in cell where this part is produced. Might the redesign also have an effect on quality. Explain fully.

  Describe the nature and causes of the problem faced

What criteria should Sweeney consider to evaluate good candidates for promotion? What criteria could be used to evaluate the performance of supervisors in development of their subordinates?

  Strategy formulation process unique

What makes the strategy formulation process unique from other decision that the organization makes on a daily basis? What would happen if the organization only made daily decisions that were not tied to strategic decisions? Please provide supporti..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd