The Farmer’s American Bank of Leesburg is planning to install a new computerized accounts system. Bank...

The Farmer’s American Bank of Leesburg is planning to install a new computerized accounts system. Bank management has determined the activities required to complete the project, the precedence relationships of the activities, and activity time estimates as follows:

			TIME ESTIMATES (WEEKS)
ACTIVITY	DESCRIPTION	ACTIVITY PREDECESSOR	a	m	b
A	Position recruiting	—	5	8	17
B	System development	—	3	12	15
C	System training	A	4	7	10
D	Equipment training	A	5	8	23
E	Manual system test	B, C	1	1	1
F	Preliminary system changeover	B, C	1	4	13
G	Computer-personnel interface	D, E	3	6	9
H	Equipment modification	D, E	1	2.5	7
I	Equipment testing	H	1	1	1
J	System debugging and installation	F, G	2	2	2
K	Equipment changeover	G, I	5	8	11

Determine the earliest and latest activity times, the expected completion time and standard deviation, and the probability that the project will be completed in 40 weeks or less.

Expert Solution

PLEASE LIKE THIS ANSWER, IT HELPS ME A LOT. THANK YOU!!!

keosha answered 1 year ago

M5_A2. The Mountaineers American Bank of Carolina is planning to install a new computerized accounts system....

M5_A2. The Mountaineers American Bank of Carolina is planning to install a new computerized accounts system. Bank management has determined the activities required to complete the project, the precedence relationships of the activities, and the activity time estimates, as shown in the table below. activity optim time (a) most likely time (m) pessim time (b) immediate Pred A 5 8 17 --- B 3 12 15 --- C 4 7 10 A D 5 8 23 A E 1 1...

Question 3 The Consolidated Bank of Ghana (CBG) is planning to install a new computerized accounts...

Question 3 The Consolidated Bank of Ghana (CBG) is planning to install a new computerized accounts system. Bank management has determined the activities required to complete the project, the precedence relationships of the activities, and activity time estimates as follows: Time Estimates (weeks) Activity Description Predecessor a m b A Position Recruiting - 5 8 17 B System Development - 3 12 15 C System Training A 4 7 10 D Equipment training A 5 8 23 E Manual System...

The city of Stillwater is planning to install a new settling tank as an upgrade to...

The city of Stillwater is planning to install a new settling tank as an upgrade to their existing water treat plant. You run a batch settling test using a 2.0 m column and coagulated water from their existing tank and collect the following data (Table 1). Using this data, design a settling tank to remove 65% of the influent suspended solids. Assume a design flow of 0.5 m3/s. Use scale up factors of 0.65 for overflow rate and 1.75 for...

A small trucking company is planning to install a GPS system in each of the five...

A small trucking company is planning to install a GPS system in each of the five trucks the company owns. Each GPS system costs $5000 to install, has a 6-year useful life, and may be salvaged for $800. Total operating cost for all five systems is $1000 for the first year, increasing by $160 per year thereafter. How much new annual net income (each year for 6 years) is necessary to recover the initial investment of the five GPS systems...

It is required to install a new computer control system. This new computer control system could...

It is required to install a new computer control system. This new computer control system could be purchased at a cost of $125,000. The project working life of this system is 05 years with a salvage value of $50,000. The working capital investment is $23,331 for this project. The annual labor savings due to this project will be $100,000. Additional annual expenses involve labor expense of $20,000, Material expense of $12,000 & Overhead expense of $8,000. Use Straight Line Depreciation...

Please provide the answers in clear way A company is planning to install a new automated...

Please provide the answers in clear way A company is planning to install a new automated plastic-molding press. Four different presses are available. The initial capital investments and annual expenses for these four different alternatives are: Press P1 P2 P3 P4 Capital Investment $24,000 $30,400 $49,600 $52,000 Annual expenses $31,200 $29,100 $25,200 $22,900 Press life (years) 5 5 5 5 Assume each press has the same output capacity of 150,000 units per year, has no salvage value at the end...

Question No. 3 Atlas Engineering is planning to install new machinery in their manufacturing division. The...

Question No. 3 Atlas Engineering is planning to install new machinery in their manufacturing division. The total investment budget is $120000. Atlas Engineering is reviewing three machinery that will generate three different cash inflow with the similar investment. For comparison and optimal capital budgeting decision, company require to analyze three project options with the following cash inflows. Year Project A Inflow Project B Inflow Project C Inflow 1 $29,064 $31,970 $34,877 2 33,960 $37,356 $40,752 3 30,600 $33,660 $36,720 4...

Tampa Electric Company (TECO) is planning a major upgrade in its computerized demand management system. In...

Tampa Electric Company (TECO) is planning a major upgrade in its computerized demand management system. In order to accommodate this upgrade, a building will be constructed on land already owned by the company. The building is estimated to cost $1.8M and will be opened in August of this year. The computer equipment for the building will cost $2.75M, and all ofﬁce equipment will cost $225,000. Annual expenses for operating this facility (labor, materials, insurance, energy, etc.) are expected to be...

A firm is considering whether to install a new computer system. The computer system costs $800,000...

A firm is considering whether to install a new computer system. The computer system costs $800,000 today and is expected to increase the firm’s productivity so much that the firm will earn $250,000 each year for four years starting one year from today. If the real interest rate is 10%, should the firm install the new computer system? (Make sure that you show the formula in your answer. Show your work.)

Hasson Corporation is investigating the purchase of a new computerized scheduling system with special hardware with...

Hasson Corporation is investigating the purchase of a new computerized scheduling system with special hardware with a useful life of 9 years. The company uses a discount rate of 10% in its capital budgeting. The net present value of the investment, excluding its intangible benefits, is -$505,000. Ignore income taxes in this problem. Required: DRAW A TIME LINE GRAPH FOR THIS PROJECT. Applying your knowledge of annuity tables, calculate the annuity amount that would create an NPV of zero. How...

Question