STAT 2112-ASSIGNMENT 3-Landon Corporation has been
ASSIGNMENT 3 STAT 2112 (ex.19, p. 602, Chapter 13 of Anderson, Sweeney, etc. textbook ) The product development group atLandon Corporation has been working on a new computer software product that has the potential tocapture a large market share. Through outside sources, Landon’s management learned that a competitor isworking to introduce a similar product. As a result, Landon’s top management increased its pressure onthe product development group. The group’s leader turned to PERT/CPM as an aid to scheduling theactivities remaining before the new product can be brought to the market. The project network is asfollows:D A C Start I Finish GE B HF J The activity time estimates (in weeks) are as follows:Activity Optimistic(a) Most Probable(m) Pessimistic(b) A 3.0 4.0 5.0 B 3.0 3.5 7.0 C 4.0 5.0 6.0 D 2.0 3.0 4.0 E 6.0 10.0 14.0 F 7.5 8.5 12.5 G 4.5 6.0 7.5 H 5.0 6.0 13.0 I 2.0 2.5 6.0 J4.05.06.0a. Develop an activity schedule for this project and identify the critical path activities.b. What is the probability that the project will be completed so that Landon Corporation mayintroduce the new product within 25 weeks? Within 30 weeks?
