Confidence level

What is the completion time at 99.7 % confidence level? What is the likelihood of this project being completed earlier than 20 days?

PERT network Consider the following table: ACTIVITY PREC. ACT. TIME ESTIMATES (days) to tml tp te A — 6 6 6 B A 4 5 6 C A 2 4 6 D B 4 6 8 E C 2 4 6 F D 1 5 3 1) Construct a PERT network. [NOTE: This is the […]

Provide an example from your current (or your future) professional or personal life that describes a measurement that is normal—and how much wiggle room on either side would be appropriate.

Confidence level Topic 1:Results from surveys or opinion polls often report a range of values—the sample statistic plus or minus a margin of error (the resulting range is called a confidence interval). This tells us that the range is likely to contain the population parameter. How much wiggle room we provide is based on how […]

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