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Co Problem 9-17 (Algorithm ) The Porsche Shop, founded in 1905 by Dalene, special in the restoration of vintage Porsche automobiles. One of Jensen's regular customers asked him to prepare an estimate for the restoration of a 1964 model 3568 Porsche. To estimate the time and cost to perform such a restoration. Jensen broke the restoration process into four separate activibesi disassembly and in preparation work (A), body restoration (6) engine restoration (C) and final sembly (D). Once activity A has been completed activities and can be performed independently of each other howeves activity can be started only both activities and have been completed. Based on his inspection of the cas Jensen believes that the following time estimates (inde) are applicables Activity Optimistic Most Probable Pessimistic Jensen estimates that the parts needed to restore the body will cost $2000 and that the engine will cost $6000. His current labor costs are $500 a day Which project network is correct? 0 00 B AD Previous Next
signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ebook Calculator What is the expected project completion time? Critical Pathi A-B-D If required, round your answer to one decimal place Expected time days Jensen's business philosophy is based on making decisions using a best and worst-case scenario. Develop cost estimates for completing the restoration based on both a best and worst analysis. Assume that the total restoration cost is the surn of the labor cost plus the material cost. If required, round normonetary answers to the nearest whole number. If required, round monetary answers to the nearest dollar Best Case Optimistic Times) - 12 days Total Costs Worst Case (pessimistic Times) - 3 3 days Total Cost - d. If Jensen obtain the job with a bid that is based on the costs associated with an expected completion time, what is the probability that he will lose money on the job? If required, round yo answer to the nearest dolar Bid Costs If required, round your answer to the decimal places The probability fenen obtain the job based on a bid of $19.500. What is the probability that he will losem Note: Use Ap t oident the areas for the standard normal distribution of res redro The probably of a loss
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