Sree Vidyanikethan Engineering College: CODE No.:10BT60301
Sree Vidyanikethan Engineering College: CODE No.:10BT60301
:10BT60301
Max. Marks: 70
Answer any FIVE questions
All questions carry equal marks
1.
2.
3.
4.
5.
to
tm
tp
1-2
1
1
7
1-3
1
4
7
1-4
2
2
8
2-5
1
1
1
3-5
2
5
14
4-6
2
5
8
5-6
3
6
15
Draw the project network and identify all the paths through it. Also determine
i) The expected project length
ii) The standard deviation and variance of the project length
iii) Probability that the project will be completed at least 4 weeks earlier than expected time
iv) The probability of not meeting the due date, if the project due date is 19 weeks.
6.
7.
a) Define Baye's decision rule. Explain various steps involved in the decision theory.
b) A person has two independent investments A and B are available to him, but he can undertake
only one at a time due to certain constraints. He can choose A, first and then stop, or if A is
successful, then take B, or vice versa. The probability of success of A is 0.60, while for B it is
0.4. Both the investments require an initial capital outlay of Rs. 10,000 and both return nothing
if the venture is unsuccessful. Successful completion of A will return Rs. 20,000 and successful
completion of B will return Rs. 24,000. Draw the decision tree and determine the best strategy.
8.
a) What is a Two person zero sum game? Explain the Minimax and Maximin Principles.
b) Using the Dominance property solve the following game whose pay off matrix is given below
Player B
Player A
A1
A2
A3
A4
B1
B2
B3
B4
B5
3
5
8
4
5
6
7
2
4
3
9
8
9
7
8
5
6
8
7
3