Question

Raven Software is about to start a new ERP software conversion project. Based on past experience, they expect the project will require at least 24 months, and could take as long as 48 months if there are complications or delays. The most likely scenario is that it will take 30 months. Assume the project time can be approximated using a triangular probability distribution. a. What is the probability the project will take between 28 and 32 months? Enter final answer as a percentage to 2 decimal places.

Answer 1

16.67%

Explanation:

Use the (part frame) / (total time frame).

The total frame is 48 - 24 equals 24 months.

The part frame is 32 - 28, which equals 4 months.

Divide 4/24 and get 1/6 = 16.67%