Consider project with mean time of completion

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Consider a project with a mean time of completion of 14.67 days; the variance of the time of completion is 2.83 days. What is the probability of finishing the project in 17 days? Response Feedback: Find P(T < 17) where T is Normally distributed with a mean of 14.67 and a standard deviation of 1.68 (recall that standard deviation is the square root of the variance). This would be the same as P(Z < 1.39) where Z has a standard Normal distribution. This can be looked up from the standard Normal distribution tables.

Reference no: EM131275758

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Consider project with mean time of completion : Consider a project with a mean time of completion of 14.67 days; the variance of the time of completion is 2.83 days. If we need a 99% chance of completion, how many days should we allow? Response Feedback: We need to find y such that P(T

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