(Solved): A CPM/PERT project network has probabilistic activity times (x) as shown on each branch of the netwo ...

1. A CPM/PERT project network has probabilistic activity times (x) as shown on each branch of the network. For example, activity 1-3 has .40 probability that it will be completed in 6 weeks and a .60 probability it will be completed in 10 weeks.

Simulate the project network 20 times and determine the critical path each time. Compute the average critical path time and the frequency that each path is critical.

Please use excel to solve this if possible and show the formulas.