Case II – Suppose that you rented an apartment. You need to furnish the apartment. You
will need to develop a potential expense for each piece of furniture and a total budget.
Develop a hypothetical expense budget having at least 10-line items using the PERT
methodology and compute the expense point where you are at least 90% sure that your
expenses will not exceed this amount. Include all calculations, showing the steps as done in
the class exercise. The standard deviation should be computed, and the z value specified.
For each piece of furniture and the 3-point estimates, include a link to an internet reference
where you retrieved the price estimate.
You can do this below the PERT table.
