An activity was observed multiple (fifteen) times, and the durations were recorded (in hours): 8, 12, 15, 11, 11, 24, 9, 11, 15, 11, 10, 11, 11, 10, 11 a.Based...

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An activity was observed multiple (fifteen) times, and the durations were recorded (in hours): 8, 12, 15, 11, 11, 24, 9, 11, 15, 11, 10, 11, 11, 10, 11 a.Based...

An activity was observed multiple (fifteen) times, and the durations were recorded (in hours):
8, 12, 15, 11, 11, 24, 9, 11, 15, 11, 10, 11, 11, 10, 11
a.Based on this data, what is the most likely time for the activity (in hours)?

b.Based on this data, what is the 'optimistic' time for the activity (in hours)?

business Operations-Management

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Answer 1

Answer #1

Individual Durations (in hrs)	Probablity
24	1/15
15	2/15
12	1/15
11	7/15
10	2/15
9	1/15
8	1/15

a)

Most Likely Time: The duration which has the highest probability

Hence, 11 hrs

b)

Most optimistic Time: Shortest time in which, the activity can be completed

Hence, 8 hours

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Answer 2

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An activity was observed multiple (fifteen) times, and the durations were recorded (in hours): 8, 12, 15, 11, 11, 24, 9, 11, 15, 11, 10, 11, 11, 10, 11 a.Based...