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IvanRivera6-MM305_Unit3_Project

IvanRivera6-MM305_Unit3_Project - IvanRivera6 MM305...

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IvanRivera6 MM305 Quantitative Analysis for Managers Unit 3 Project Please download this document to your computer and save it using the naming  convention specified in the course syllabus.  After completing and saving the project  problems, submit your project in the Drop Box for Unit 3.   1. The time required to complete a project is normally distributed with a mean of 80 weeks and a  standard deviation of 10 weeks.  The construction company must pay a penalty if the project is  not finished by the dues date of the contract. If a construction company bidding on this contract  wishes to be 90 percent sure of finishing by the due date, what due date (project week #) should  be negotiated? X would be the time required to finish the project so they can be completely done or at least 90  percent of the work and be able to win the bid.
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