The Basis for Use of the Beta Distribution in PERT

question 29

Multiple Choice

The basis for use of the beta distribution in PERT is:

• A) essentially theoretical.
• B) its features that make it attractive in practicE.
• C) its symmetry.
• D) It is bimodal.
• E) It can easily be converted to a normal distribution.

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Definitions:

Competitive Advantage

The unique attributes or capabilities a company has that enable it to outperform its competitors, leading to greater sales or margins.

Defined

Clearly characterized or determined; having a precise meaning.

Competitive Advantage

The attributes that allow an organization to outperform its competitors, such as superior quality, cost advantages, or innovative features.

Short-term Investment

An investment held for less than twelve months before being sold or converted to cash.