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Unformatted text preview: g normal costs and penalty costs) if the above normal times are adopted to execute the project? The project will be late by 3 weeks. Total project costs = $32000+500(3) = $33,500 2.(a). Based the information in the above table, what is the average time to finish the project? What is the standard deviation of the project completion time? What is the critical path of the project? Average time to finish the project (expected project completion time) = 127 days. Standard deviation of the project completion time = 9.83 days (b). Using the information in the above table, what is the chance to finish the project (c). Using the information in the above table, what is the within 135 days? P(X<=135)=P(Z<=(135 chance to finish the project over 130 days?? 127)/9.83192)=P(Z<=0.81)=0.5+0.291...
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This test prep was uploaded on 04/02/2014 for the course MGT 2251 taught by Professor Chang during the Fall '08 term at Georgia Institute of Technology.
 Fall '08
 CHANG
 Management

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