A PERT/CPM activity has an optimistic time estimate of 5 days, a most likely time estimate of 10 days, and a pessimistic time estimate of 24 days. What is the expected time (in days) of this activity?Round answer to two decimal places.hint: formula is available in lecture notes
Question
A PERT/CPM activity has an optimistic time estimate of 5 days, a most likely time estimate of 10 days, and a pessimistic time estimate of 24 days. What is the expected time (in days) of this activity?Round answer to two decimal places.hint: formula is available in lecture notes
Solution
The expected time for a PERT/CPM activity can be calculated using the formula:
Expected Time = (Optimistic Time + 4*(Most Likely Time) + Pessimistic Time) / 6
Substituting the given values into the formula:
Expected Time = (5 days + 4*(10 days) + 24 days) / 6 Expected Time = (5 + 40 + 24) / 6 Expected Time = 69 / 6 Expected Time = 11.5 days
So, the expected time of this activity is 11.5 days.
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