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In a PERT distribution, the optimistic time is 4 days, expected time is 7 days and the pessimistic time is 11 days. The variance of the network is_______.
  • a)
    8.17
  • b)
    1.16
  • c)
    5.44
  • d)
    1.36
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
In a PERT distribution, the optimistic time is 4 days, expected time i...
PERT Distribution and Variance Calculation

PERT stands for Program Evaluation and Review Technique. It is a technique used in project management to analyze and represent the tasks involved in completing a project. PERT uses a probability distribution to estimate the duration of each task, which is represented by three estimates: optimistic time (O), most likely time (M), and pessimistic time (P). The expected time (TE) is calculated as follows:

TE = (O + 4M + P)/6

The variance of the network (V) is calculated as follows:

V = [(P - O)/6]²

Solution

Given that the optimistic time is 4 days, expected time is 7 days, and pessimistic time is 11 days. Using the formula for expected time, we get:

TE = (4 + 4 x 7 + 11)/6 = 7

Now, using the formula for variance, we get:

V = [(11 - 4)/6]² = 1.36

Therefore, the variance of the network is 1.36, which is the correct answer option D.
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Community Answer
In a PERT distribution, the optimistic time is 4 days, expected time i...
Optimistic time (to), Pessimistic time (tp), Most likely time (tm):

The variance is given by:

Calculation:
Given:
to = 4, tE = 7, tp = 11
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In a PERT distribution, the optimistic time is 4 days, expected time is 7 days and the pessimistic time is 11 days. The variance of the network is_______.a)8.17b)1.16c)5.44d)1.36Correct answer is option 'D'. Can you explain this answer?
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