The Estimation of Activities' Durations by Averaging Optimistic, Pessimistic, and Most

question 118

Multiple Choice

The estimation of activities' durations by averaging optimistic, pessimistic, and most likely estimates is called:

• A)OPL- method.
• B)likelihood procedure.
• C)three- point estimates.
• D)duration averaging.

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Definitions:

Homes Sold

The number of residential properties that have been sold over a specific period of time.

Discrete Random Variable

A variable that can only take on a finite or countably infinite set of distinct values, often representing counts or categories.

Standard Deviations

The measure of the dispersion or spread of data points in a data set from its mean, reflecting how much variation there is from the average.

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.