The Three Time Estimates Employed in PERT Are Optimistic Time

question 44

True/False

The three time estimates employed in PERT are optimistic time, average time, and pessimistic time.

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Definitions:

Probability

A numerical expression of the potential for a given event to take place, with values spanning from 0 to 1.

Binomial Experiment

An experiment with two outcomes (success and failure) for each trial, with a fixed number of trials and constant probability of success.

Successes

The occurrences of a defined outcome of interest in a series of trials or tests.

Hypergeometric Distribution

A discrete probability distribution that describes the probability of k successes in n draws, without replacement, from a finite population of size N that contains exactly K successes.