The Expected Completion Time
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A project is being analyzed using PERT. The expected completion time of the project is 70 weeks with a standard deviation of 5 weeks. Assume the project completion time is normally distributed. If the due date of the project is to be set to there is only a 20% chance of being late (and an 80% chance of finishing on time), what should the due date be?
a. 71.00
b. 74.00
c. 65.79
d. 74.21
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Solution Summary
The expected completion time is expressed in order to determine due date in this case.
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19) Let X be the number of weeks that it takes to complete the project. So X is normally ...
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