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Mathematics, 23.03.2020 18:30 jos0305

The Porsche Shop, founded in 1985 by Dale Jensen, specializes 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 356SC Porsche. To estimate the time and cost to perform such a restoration, Jensen broke the restoration process into four separate activities: disassembly and initial preparation work (A), body restoration (B), engine restoration (C), and final assembly (D). Once activity A has been completed, activities B and C can be performed independently of each other; however, activity D can be started only if both activities B and C have been completed. Based on his inspection of the car, Jensen believes that the following time estimates (in days) are applicable: Activity Optimistic Most Probable Pessimistic A 3 4 8 B 5 8 11 C 2 4 6 D 4 5 12Jensen estimates that the parts needed to restore the body will cost $3000 and that the partsneeded to restore the engine will cost $5000.His current labor costs are $400 a day. e. If Jensen obtains the job based on a bid of $16,800, what is the probability that he will losemoney on the job?

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