Another time mgt question.

Submitted by Jigga on Sat, 05/03/2014 - 20:57
 
If your expected value is 110 and the standard deviation is 12, which of the following is true?
There is approximately a 99 percent chance of completing this activity in 86 to 134 days.
There is approximately a 68 percent chance of completing this activity in 98 to 122 days.
There is approximately a 95 percent chance of completing this activity in 98 to 122 days.
There is approximately a 75 percent chance of completing this activity in 86 to 134 days.
 
The answer is B kindly show calculation steps on how they arrive at this answer. Thanks 
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philstinnet

Sat, 05/03/2014 - 21:26

You should not have any problem in solving this question. I have already shown the steps in your another 'time mgt question'.

 

Jigga

Sun, 05/04/2014 - 00:03

Got the logic but have a simple use question here how did we arrive to know we are to use the +\- 1 sigma value which is 68.27%?

Jigga

Sun, 05/04/2014 - 00:12

Figured it out thanks. Really appreciate you are really helping me fill in my gaps. 

sunku65

Sun, 05/04/2014 - 07:21

Jigga its simple.

  • 1σ = 68.27%
  • 2σ = 95.45%
  • 3σ = 99.73%

6σ = 99.99985%

If your expected value is 110 and the standard deviation is 12, which of the following is true?
There is approximately a 99 percent chance of completing this activity in 86 to 134 days.
There is approximately a 68 percent chance of completing this activity in 98 to 122 days.
There is approximately a 95 percent chance of completing this activity in 98 to 122 days.
There is approximately a 75 percent chance of completing this activity in 86 to 134 days.
 
1 sigma deviation 68.27% of chance of completing this activity 110+/-12(1 sigma deviation)  = 98 to 122 days.
2 sigma deviation 95.45% of chance of completing this activity 110+/-12X2(2 sigma deviation)  = 86 to 134 days.
3 sigma deviation 99.73% of chance of completing this activity 110+/-12X3(3 sigma deviation)  = 74 to 146 days.
 
What about 6 Sigma Please can explain someone?

Latunde

Sun, 05/04/2014 - 11:50

6 sigma would be 99.9998%.. So according to the steps outline that should be 12 * 6 = 72. Then the answer should be = 38 to 182 days right?

sunku65

Sun, 05/04/2014 - 13:24

i know that calculations.  Where, am i  asking about  it 6 sigma is  applicable to Control Charts or not.

see my another question relating to this.

thanks

philstinnet

Sun, 05/04/2014 - 17:11

@ Sunku,

I could not find the question you are mentioning on 6 Sigma. 

Could you please send me the link ?

Are you talking about the Sigma Shift or Fudge Factor ?

Thanks

sunku65

Mon, 05/05/2014 - 09:11

http://pmzilla.com/time-mgt-question

I found in andy crowe 6 sigma also applicable for control charts.

 

Sophia Bone

Thu, 05/22/2014 - 09:06

There is approximately a 99 percent chance of completing this activity in 86 to 134 days. i hope i help u

 

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