-A Project Has the Following Projected Outcomes: $100,$500,and $800

question 21

Multiple Choice

$\begin{array}{rcc}\text { OUTCONE}&\text { PROBABILITY OF OUTCONE}&\text { ASSUMIPTIONS }\\\$ 6,000 & 25 \% & \text { pessimistic } \\\$ 8,000 & 40 \% & \text { moderately successful } \\\$ 10,000 & 35 \% & \text { optimistic }\end{array}$
-A project has the following projected outcomes: $100,$500,and $800.The probabilities of their outcomes are 10%,50%,and 40% respectively.What is the standard deviation of these outcomes?

• A) $124
• B) $214
• C) $546
• D) $580

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Definitions:

SSR

Stands for sum of squares due to regression, indicating the variation explained by the independent variables in a regression model.

Test Statistic

A statistic whose value helps determine whether a null hypothesis should be rejected.

Parameter

A numerical characteristic of a population, such as a population mean m, a population standard deviation s, a population proportion p, and so on.

Adjusted Multiple Coefficient

A measure in statistics used to determine the goodness of fit of a model, adjusted for the number of predictors in the model.