Given the information below, what are the estimated expected (mean) times (in weeks) for activities A-H?  What are the estimated standard deviations (in weeks) in the times for activities A-H?

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?
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Given the information below, what are the estimated expected (mean) times (in weeks) for activities A-H? 

What are the estimated standard deviations (in weeks) in the times for activities A-H?  

 

 

Activity
ABCDEFGH
Start
Node
1122346
5
Finish
Node
2
NMTI5667
3
4
Duration Estimate (Days)
Optimistic Most Likely Pessimistic
21
23
18
916212
13
23
23
14
15
21
9
35
29
20
5
47
27
41
26
8
Transcribed Image Text:Activity ABCDEFGH Start Node 1122346 5 Finish Node 2 NMTI5667 3 4 Duration Estimate (Days) Optimistic Most Likely Pessimistic 21 23 18 916212 13 23 23 14 15 21 9 35 29 20 5 47 27 41 26 8
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